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    GRUPOARGOS   COT09PA00035

GRUPO ARGOS S.A.

(GRUPOARGOS)
  Report
End-of-day quote Bolsa De Valores De Colombia  -  2022-09-29
9810.00 COP   +1.66%
09/29GRUPO ARGOS S.A. : Ex-dividend day for quarterly dividend
FA
09/21IHC's $2.15 billion Nutresa bid boosts shares in Colombian conglomerate GEA's companies
RE
08/16Transcript : Grupo Argos S.A., Q2 2022 Earnings Call, Aug 16, 2022
CI
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Gilinski's bid for Colombian Grupo Argos declared void

07/06/2022 | 07:54pm EDT

BOGOTA, July 6 (Reuters) - A bid by tycoon Jaime Gilinski for a major holding in Grupo Argos, Colombia's largest industrial conglomerate, was declared void on Wednesday after failing to receive acceptances for a minimum number of shares.

Nugil SAS, controlled by Gilinski, had offered to acquire between 26% and 32.5% of Grupo Argos at a price of $4.28 per share.

At the end of the offer period, Gilinski had received acceptances for his acquisition of only 73,466,106 shares of Grupo Argos, equivalent to 11.08% of all outstanding.

"The bid to buy ordinary shares of Grupo Argos, addressed to the issuer's shareholders, has been declared void due to the fact that during the offer term the minimum number of shares that NUGIL S.A.S. offered to buy was not accepted," the stock exchange said in a statement.

In the past few months Gilinski - owner of GNB Sudameris Bank and one of the richest businessmen in Colombia - has launched takeover bids for investment holding company Grupo SURA and Nutresa, the largest producer of processed foods.

Grupo Argos is a holding company. Through the companies Cementos Argos, Celsia and Odinsa, it has businesses in cement, in road and airport concessions, and in conventional and renewable energy.

Grupo SURA, Nutresa and Grupo Argos are part of the so-called Grupo Empresarial Antioqueno, a conglomerate in which hundreds of companies are partners. (Reporting by Nelson Bocanegra; Writing by Carolina Pulice; Editing by Bradley Perrett)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CELSIA S.A. E.S.P. -0.18% 2813 End-of-day quote.-32.77%
GRUPO ARGOS S.A. 1.66% 9810 End-of-day quote.-27.60%
GRUPO DE INVERSIONES SURAMERICANA S.A. -5.09% 37500 End-of-day quote.25.00%
GRUPO NUTRESA S. A. 0.00% 36980 End-of-day quote.29.12%
NASDAQ COLOMBIA -1.77% 254.785892 Real-time Quote.-30.34%
All news about GRUPO ARGOS S.A.
09/29GRUPO ARGOS S.A. : Ex-dividend day for quarterly dividend
FA
09/21IHC's $2.15 billion Nutresa bid boosts shares in Colombian conglomerate GEA's companies
RE
08/16Transcript : Grupo Argos S.A., Q2 2022 Earnings Call, Aug 16, 2022
CI
08/15Reuters-schedule/…
RE
08/15Reuters-schedule/…
RE
08/13Grupo Argos S.A. Reports Earnings Results for the Second Quarter and Six Months Ended J..
CI
08/12Colombia's Grupo Argos posts 8% rise in Q2 net profit
RE
07/08Colombian Investor Gilinski Reportedly Not to Pursue Stake in Grupo Argos
CI
07/07Nugil SAS cancelled the acquisition of a 32.5% stake in Grupo Argos S.A..
CI
07/06Gilinski's bid for Colombian Grupo Argos declared void
RE
More news
Financials
Sales 2022 16 829 B 3 658 M 3 658 M
Net income 2022 918 B 199 M 199 M
Net Debt 2022 15 374 B 3 341 M 3 341 M
P/E ratio 2022 9,16x
Yield 2022 4,65%
Capitalization 7 722 B 1 678 M 1 678 M
EV / Sales 2022 1,37x
EV / Sales 2023 1,33x
Nbr of Employees 12 852
Free-Float 48,7%
Chart GRUPO ARGOS S.A.
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Technical analysis trends GRUPO ARGOS S.A.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 9 810,00 COP
Average target price 14 950,00 COP
Spread / Average Target 52,4%
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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