La República Reports: “Mineros’ Shares to Resume Trading Following Superfinanciera’s Approval of the Public Tender Offer”

Sun Valley, which already holds 57.42% of Mineros (172.1 million shares), intends to acquire an additional 8% to 11% of the outstanding capital.

On Monday, The Colombian Superintendent of Finance(SFC) authorized Sun Valley’s Public Tender Offer (PTO) for Mineros S.A., aiming to acquire an additional 8% to 11% of the company’s outstanding shares. This announcement, made three weeks prior, had led to the suspension of Mineros’ stock trading on the Colombian Stock Exchange (BVC).

Sun Valley, which already holds 57.42% of Mineros (172.1 million shares), intends to acquire an additional 8% to 11% of the outstanding capital, equivalent to approximately 23.9 to 33 million shares.

The firm’s stake could increase to between 65.42% and 68.42%. The transaction involves a potential disbursement of up to COP $181.341 billion (approximately CAD$59.1 million), with payments to be made in cash, either in Colombian pesos or U.S. dollars, depending on the seller’s preference and applicable foreign exchange regulations.

Not the First Time

This is not Sun Valley’s first attempt to consolidate its position in Mineros. In December 2024, the firm executed a PTO on the Toronto Stock Exchange, acquiring 17.5 million shares at CAD$0.975 each.

In March 2025, Sun Valley launched another offer in Colombia at COP $5,500 per share, resulting in the acquisition of approximately 78 million shares. Additionally, in April, the company directly purchased over 1.7 million shares on the secondary market.

The current offer will be open from June 24 to July 8, 2025, spanning 10 business days. Interested shareholders must submit their acceptances through brokerage firms that are members of the BVC and will bear the associated costs of the sale, including commissions and applicable VAT.

Read the original article in La República published on June 16, 2025: Click here.