The deal marks a truce between a Colombian billionaire and the country’s largest conglomerate, which he sought to dismantle through an estimated $2.7 billion of share purchases.
June 23, 2023 at 01:21 PM
3 minute read
Latin America Correspondent
Proskauer Rose has advised Colombian billionaire Jaime Gilinski in his purchase of food manufacturer Grupo Nutresa, settling a contentious, 18-month battle in which the activist investor sought to dismantle Colombia’s most powerful business group.
Grupo Nutresa was represented in the sale by Simpson Thacher & Bartlett.
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Billionaire Jaime Gilinski. Credit: Edinson Ivan Arroyo Mora/Bloomberg
