After 18 months of strong bidding and disputes over the search for control of the so-called jewels in the crown of the so-called Grupo Empresarial Antioqueño (GEA), the Sura, Nuresa and Argos groups, and their subsidiary firms, by the Gilinski family, The changes in the prices of their shares on the Colombian Stock Exchange (BVC) are evident, affected not only by the development of this process that began on November 10, 2021, but also, as is normal, by the performance of the companies themselves, the markets and the country’s own economy.
(Read also: After an agreement with the Gilinskis, Nutresa’s departure from the GEA would be sealed in 2 months)
As recalled, on Wednesday of this week the agreement reached by the directors of the GEA companies and the Gilinski family was announced to put an end to this long dispute for control of these organizations, which was causing serious damage. to these and their shareholders, for which reason both parties decided to sign an agreement ‘for good’ and not in the judicial stands, as had already been evidenced.
Consequently, it was fulfilled, after two months of negotiations, that The Gilinskis would leave their shareholding in Grupo Sura (close to 40 percent), while Sura and Argos would do so with their shares in Grupo Nutresa, with which Valle del Cauca investors will be able to obtain no less than 87 percent of what is considered the largest food processor in Colombia and one of the most relevant in Latin America.
(You may also be interested: This is the sheik with whom Gilinski seeks to further internationalize Nutresa)
But in the midst of this process, how did the shares of these companies behave on the BVC? And how much did the value of the companies advance?
According to the records of the country’s stock market, while The shares of Grupo Sura and Grupo Nutresa had notable appreciations since the public offerings of shares (opas) began in November 2021 until last Wednesday of this week, when the Financial Superintendence surely suspended these titles, while the conditions of the signed agreement are executed, that of Grupo Argos fell in value in that same period (more than 18 months).
Headquarters of the South American Investment Group (Grupo Sura) in Medellín (Colombia).
Time / Courteous
The numbers
Indeed, the title of Grupo Sura, which is traded on the BVC, has risen 95.4 percent between November 10, 2021, when it had a value of 21,200 pesos, until last Wednesday, May 24, when the action was surely suspended, whose price at that time was over 412,420 pesos.
However, the highest appreciation in the same period is for lThe share of Grupo Nutresa, which reached 165.9 percent in the last 18 months to date, since the price of that title went from 21,740 to 57,800 pesos in the same period, according to data from the BVC.
The same did not happen with the action of Grupo Argos, about which it is worth saying that there was only one unsuccessful takeover bid during this period. The title of that organization, although at some times it has had appreciations, in the complete period a fall of 19.2 percent in price is observed, Well, it went from 11,580 pesos on November 10, 2021 to 9,350 pesos on May 24.
In that same period, The MSCI-Colcap index, the main index of this stock market and which groups the most liquid shares, has fallen close to 18.7 percent.
Gabriel and Jaime Gilinski attended their first Grupo Nutresa shareholders meeting held in Medellín.
Time / Courteous
market capitalization
but, in white silver, what do those behaviors indicate? According to economic theory, this is nothing other than the value acquired by a company that lists its shares on a stock market, which is known as market capitalization, and is calculated by multiplying the price of a share by its total number of shares. On circulation.
So things, in Grupo Sura said capitalization has received, in absolute terms, some 10.1 trillion pesosWell, it went from 9.9 billion in November 2021 to 20 billion this week.
In the case of Grupo Nuteresa, this difference is much greater, 16.6 trillion pesos, because today that market capitalization is 26.5 trillion pesos, compared to 9.9 trillion.
For Grupo Argos, this valuation was reduced by 300,000 million pesos, since from the 7.6 trillion capitalization it went to 7.3 trillion, in the last 18 months, according to the data published by the BVC.
