The Financial Superintendence authorized a public takeover bid for at least 82.42% of ordinary shares (20,499,067,131 titles) of Acerías Paz del Río and a maximum of 100% (that is, 24,870,647,495 papers) at a price of 3.65 pesos each. (See: Opa por Nutresa: second week completed and only 0.35% of the goal is up).
The Superfinanciera said that the Colombian Stock Exchange must suspend the trading of the shares of the company whose owner is the Brazilian Votorantim, until the day following the publication of the offer notice. Paz del Río reported that he received a communication from Votorantim SA, its majority shareholder, informing him that it had entered into a contract with Trinity Capital SAS and Structure SAS Investment Banking for their sale. (See: What is business intelligence and how it transforms companies): The sale was sealed on Thursday, December 9, with the aim of disposing of the Acerías shares that Votorantim currently holds. shares with a preferential dividend and "without the right to vote for the company," said Acerías Paz del Río. According to Andrés Moreno Jaramillo, a certified financial and stock market analyst, the operation It seeks not only to buy Votorantim's participation, as has already been negotiated, but also the shares in the hands of minority shareholders and the Boyacá Governor's Office. (See: Hidroituango: this is the agreement that was signed and that 'saved' the project). Acerías Paz del Río 's stock is of low marketability and has little trading on the Colombian Stock Exchange. The liquidity float in the Stock Market is $200,000 million.
(See: 'I wish we had richer people in the country for them to invest.')
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