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Billionaire Gilinski Extends Deadline for Nutresa Tender Offer

  • His offer for Medellin-based foodmaker now ends Jan. 12
  • Until Monday only 1.03% of the maximum stake had been tendered
Jaime Gilinski
Jaime GilinskiPhotographer: Sean Zanni/Patrick McMullan/Getty Images

Jaime Gilinski’s offer to buy a controlling stake in Grupo Nutresa SA was extended by a month as the billionaire looks to boost his chances of the deal going through.    

Shares in Nutresa, Colombia’s largest foodmaker, can now be tendered until Jan. 12 at 1 p.m., according to an offer published Tuesday in El Tiempo newspaper. The offer had been set to expire on Dec. 17.