Nugil SAS agreed to acquire a 32.5% stake in Grupo Argos S.A. (BVC:GRUPOARGOS) for approximately COP 290 million on May 20, 2022.

Nugil SAS cancelled the acquisition of a 32.5% stake in Grupo Argos S.A. (BVC:GRUPOARGOS) on July 7, 2022. After the end of the acceptance period, Gilinski received offers to acquire 73,466,106 shares, equivalent to 11.08% of the total outstanding shares of Grupo Argos. The takeover bid (OPA) on ordinary shares of Grupo Argos, addressed to the issuer's shareholders, has been declared void due to the fact that the minimum number of shares offered by Nugil SAS was not received during the term of the offer.