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    NUTRESA   COT04PA00028

GRUPO NUTRESA S. A.

(NUTRESA)
  Report
End-of-day quote Bolsa De Valores De Colombia  -  2022-08-09
38720.00 COP   -3.20%
08/01TRANSCRIPT : Grupo Nutresa S. A., Q2 2022 Earnings Call, Aug 01, 2022
CI
07/29Grupo Nutresa S. A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
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07/06Gilinski's bid for Colombian Grupo Argos declared void
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Third Gilinski offer for Nutresa shares declared void

05/16/2022 | 07:59pm EDT

BOGOTA, May 16 (Reuters) - A public acquisition offer by Colombian business magnate Jaime Gilinski for shares in food producer Nutresa did not attract the minimum interest required for it to be valid, the country's stock exchange said on Monday.

Gilinski - who has shaken up Colombia's largest conglomerate, Grupo Empresarial Antioqueno (GEA), by launching a series of offers for shares in member companies - was seeking between 9.6% and 12% of Nutresa in his third public offer for the company's shares, at a price of $12.58 per share.

The offer was significantly higher than the $10.48 offered in the second acquisition attempt. Gilinski and Abu Dhabi's Royal Group purchased a total of 30.8% of Nutresa during the first two offers.

"The public acquisition offer for ordinary shares of Grupo Nutresa S.A.(...)has been declared void because the minimum quantity of shares sought by Nugil S.A.S. were not received during the period of the offer and the offerer did not overrule the minimum quantity," the exchange said in a statement.

Both Gilinski and Nutresa declined to comment on the result.

GEA companies like Grupo SURA and Grupo Argos have repeatedly refused to participate in public offers for SURA and Nutresa, saying the prices offered by Gilinski are too low. (Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb; Editing by Muralikumar Anantharaman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GRUPO ARGOS S.A. -1.21% 11460 End-of-day quote.-15.42%
GRUPO DE INVERSIONES SURAMERICANA S.A. -1.34% 39000 End-of-day quote.30.00%
GRUPO NUTRESA S. A. -3.20% 38720 End-of-day quote.35.20%
All news about GRUPO NUTRESA S. A.
08/01TRANSCRIPT : Grupo Nutresa S. A., Q2 2022 Earnings Call, Aug 01, 2022
CI
07/29Grupo Nutresa S. A. Reports Earnings Results for the Second Quarter and Six Months Ende..
CI
07/06Gilinski's bid for Colombian Grupo Argos declared void
RE
06/15GRUPO NUTRESA S A : EXTRAORDINARY ASSEMBLY JULY 1st - Summons extraordinary shareholders a..
PU
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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05/16Colombia's Grupo SURA to destine cash flow for paying down debt
RE
05/02TRANSCRIPT : Grupo Nutresa S. A., Q1 2022 Earnings Call, May 02, 2022
CI
04/29Grupo Nutresa 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
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More news
Financials
Sales 2022 14 430 B 3 383 M 3 383 M
Net income 2022 816 B 191 M 191 M
Net Debt 2022 - - -
P/E ratio 2022 20,7x
Yield 2022 2,45%
Capitalization 17 724 B 4 156 M 4 156 M
Capi. / Sales 2022 1,23x
EV / Sales 2023 1,20x
Nbr of Employees 22 702
Free-Float 13,3%
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Technical analysis trends GRUPO NUTRESA S. A.
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 38 720,00 COP
Average target price 28 997,98 COP
Spread / Average Target -25,1%
EPS Revisions
Managers and Directors
Carlos Ignacio Gallego Palacio President & Chief Executive Officer
José Domingo Penagos Vásquez Chief Financial Officer & Vice President-Finance
Jaime Alberto Palacio Botero Independent Director
Maximiliano Londoño Arango Independent Director
Ricardo Fandiño de la Calle Independent Director
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