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Billionaire Gilinski Bids for Colombia Companies Set to Open

  • Public offers for Sura, Nutresa to be open until Feb. 28
  • Gilinski is second-largest shareholder in both companies
Jaime Gilinski
Jaime GilinskiPhotographer: Sean Zanni/Patrick McMullan/Getty Images

Billionaire banker Jaime Gilinski’s bids to increase his holdings in two Colombian companies are expected to open in the coming week after gaining regulatory approval, according to a person with direct knowledge of the process. 

Gilinski is offering to buy as much as $1.1 billion of shares in foodmaker Grupo Nutresa SA and buy up to $289 million in financial conglomerate Grupo de Inversiones Suramericana. These follow a $1.9 billion investment that closed earlier this month, making him the second-largest shareholder of both companies.