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    GRUPOARGOS   COT09PA00035

GRUPO ARGOS S.A.

(GRUPOARGOS)
  Report
End-of-day quote Bolsa De Valores De Colombia  -  2022-06-23
16030.00 COP   -1.41%
05/20Gilinski launches offer for up to 32.5% of Grupo Argos shares
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05/16Third Gilinski offer for Nutresa shares declared void
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05/16TRANSCRIPT : Grupo Argos S.A., Q1 2022 Earnings Call, May 16, 2022
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Gilinski launches offer for up to 32.5% of Grupo Argos shares

05/20/2022 | 09:39am EDT
FILE PHOTO: The logo of Grupo Argos is seen in Medellin

BOGOTA (Reuters) - Colombian business magnate Jaime Gilinski has launched a public acquisition offer for shares in industrial conglomerate Grupo Argos, the third company which has recently found itself in Gilinski's sights, the country's financial regulator said.

Gilinski - who has shaken up Colombia's largest conglomerate, Grupo Empresarial Antioqueno (GEA), by launching a series of offers for shares in member companies - is seeking between 26% and 32.5% of Argos.

"The purchase price for each share will be $4.08," the regulator told the stock exchange in a statement late on Thursday.

Trading of Argos shares will be suspended until a day after the formal acquisition offer is published.

The offer could be worth between $697.6 million and $872 million, according to Reuters calculations.

Gilinski, one of Colombia's richest men and owner of bank GNB Sudameris, has become financial conglomerate Grupo SURA's largest shareholder through three public offers, accumulating 34.58% of the company's shares and beating out previous top shareholder Argos.

He has also launched three offers for shares in food producer Nutresa which have won him 30.8% of the company. He is now the second shareholder after SURA.

The GEA companies - which typically own large stakes in each other - have always declined to participate in the public offers, saying the values offered by Gilinski are too low.

(Reporting by Luis Jaime Acosta; Writing by Julia Symmes Cobb; Editing by Chizu Nomiyama)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GRUPO ARGOS S.A. -1.41% 16030 End-of-day quote.18.30%
GRUPO DE INVERSIONES SURAMERICANA S.A. 9.98% 41780 End-of-day quote.39.27%
GRUPO NUTRESA S. A. -0.18% 38910 End-of-day quote.35.86%
All news about GRUPO ARGOS S.A.
05/20Gilinski launches offer for up to 32.5% of Grupo Argos shares
RE
05/16Third Gilinski offer for Nutresa shares declared void
RE
05/16TRANSCRIPT : Grupo Argos S.A., Q1 2022 Earnings Call, May 16, 2022
CI
05/12Grupo Argos S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
04/25Gilinski acquires another 3% of SURA in third public offer
RE
04/21Grupo Argos will not participate in public offer for SURA, Nutresa share
RE
03/30GRUPO ARGOS S.A. : Ex-dividend day for quarterly dividend
FA
03/20GRUPO ARGOS S.A.(BVC : GRUPOARGOS) dropped from FTSE All-World Index
CI
02/28Gilinski becomes top shareholder in SURA after acquisition offer
RE
02/28Colombia's Grupo SURA hits Q4 net profit as COVID-19 pandemic eases
RE
More news
Financials
Sales 2022 16 829 B 4 078 M 4 078 M
Net income 2022 918 B 222 M 222 M
Net Debt 2022 15 374 B 3 725 M 3 725 M
P/E ratio 2022 15,0x
Yield 2022 2,85%
Capitalization 12 193 B 2 954 M 2 954 M
EV / Sales 2022 1,64x
EV / Sales 2023 1,58x
Nbr of Employees 12 852
Free-Float 48,8%
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Technical analysis trends GRUPO ARGOS S.A.
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 16 030,00 COP
Average target price 14 433,33 COP
Spread / Average Target -9,96%
EPS Revisions
Managers and Directors
Jorge Mario Velasquez Jaramillo President & Chief Executive Officer
Alejandro Piedrahíta Borrero Vice President-Strategy & Finance
Rosario Cordoba Garces Chairman
Ana Cristina Arango Uribe Independent Non-Executive Director
Armando Montenegro Trujillo Independent Non-Executive Director
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