06:40 PM
As part of the Framework Agreement that occurred on June 15, 2023, the second share exchange, as published by Argos Group through the Financial Superintendence.
The company exchanged 10,042,108 common shares of Grupo Nutresa that it acquired in a recent takeover bid. Argos received 5,049,057 ordinary shares of Grupo Sura owned by Jgdb, Nugil and IHC, and 16,304,046 ordinary shares of Sociedad Portafolio owned by Nugil.
“Grupo Argos made contributions of Grupo Sura shares to an autonomous estate who has the irrevocable instruction not to exercise political rights.
Consequently, Grupo Argos will not exercise political rights beyond 49% of the shares represented in a meeting of shareholders of Grupo Sura.
The above, considering that Group Argos, as an infrastructure holding company, has neither the intention nor the vocation to become the controlling party of Grupo Sura.”the statement says.
With this second exchange, all the operations provided for in the Framework Agreement are terminated, where Grupo Argos and Grupo Sura no longer have shares in Grupo Nutresa.
Similarly IHC, Jgbd and Nugil no longer have participation in Sura nor in the Portfolio Company.
