Prior to this Public Tender Offer (PTO), the Canadian company held 57.42% of the mining firm’s shares, totaling 172.12 million.
Following the PTO, Sun Valley now owns 65.38% of Mineros’ outstanding shares, equivalent to 195.9 million shares valued at US$369.4 million. Before this process, the Canadian firm held 57.42% of the mining company’s shares, amounting to 172.12 million, valued at US$324.4 million.
Sun Valley Investments AG announced that its previously disclosed Public Tender Offer for the purchase of common shares in Mineros has been successfully completed as scheduled. This Public Tender Offer was executed through the Colombian Stock Exchange at a price of COP $5,500 per common share.
“Sun Valley acquired the shares through the PTO and will retain its ordinary shares for investment purposes. It will continue to evaluate its investment in Mineros and may increase or decrease its holdings in the mining company, and otherwise engage with the company in the future, subject to market conditions and other relevant factors,” the firm stated.
Earlier this year, in May, the Colombian Superintendent of Finance (SFC) approved a new Public Tender Offer by Sun Valley Investments, this time for up to 11% of Mineros.
“The purchase price for each common share of the issuer will be COP $5,500, payable in cash and in Colombian pesos or in U.S. dollars. The Public Tender Offer is intended to acquire a minimum of 8% and a maximum of 11% of the company’s shares,” stated the SFC report.
According to a preliminary analysis by Acciones y Valores, this offer represents a 24% discount compared to the last recorded price of COP $7,210 on the Colombian Stock Exchange.
Read the original article in La República published on July 16, 2025: Click aquí.
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