Royal Group and Jaime Gilinski Bacal made a proposal to acquire 62.6% stake of Grupo Nutresa S. A. (BVC:NUTRESA) from Grupo de Inversiones Suramericana S.A. (BVC:GRUPOSURA), Grupo Argos S.A. (BVC:GRUPOARGOS) and others for COP 8.6 trillion on November 11, 2021. Columbia's regulatory body Superintendencia Financiera confirmed that offer was to acquire minimum of 50.1% and maximum of 62.625% stake of Grupo Nutresa S. A. The offer will be valid between November 29, 2021 and December 17, 2021. It could be extended until early January 2022 if needed.

Nugil wants to secure a minimum of 50.1% of Grupo Nutresa. As per update on January 6, 2022, Grupo Argos S.A. will not take part in the offer transaction. As of December 14, 2021, the offer has been extended till January 12, 2022.

As of April 19, 2022, the offer will close on April 25, 2022, with an option to further extend to May 16, 2022.