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Gilinski Eyes Control of Colombia Business Clan With New Bid

  • Billionaire launches offer to buy up to 23% more of foodmaker
  • Medellin business alliance faces most serious test in 40 years
The billionaire's bids have sent Colombian stocks soaring
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Jaime Gilinski is doubling down on his attempt to take over Colombia’s most influential business group. 

The billionaire banker on Monday launched an offer to buy as much as $1.1 billion of shares in foodmaker Grupo Nutresa SA. It came on the heels of a bid for as much as $289 million that Gilinski unleashed Friday to buy an additional chunk of financial conglomerate Grupo Sura.