La Republica covers our latest news: “Sun Valley Investments to Acquire a 56.85% Stake in Mineros Following the Public Tender Offer”

According to the company, the transaction is set to close on March 25. The firm acquired shares at a price of $5,500.

The company Mineros announced this Wednesday a report on the results from the exercise of the Public Tender Offer (PTO) carried out by Sun Valley Investments to increase its control in the company.

“Sun Valley has acquired 77,931,725 shares, representing 26% of the share capital, at a price of COP 5,500 per share. The closing of this transaction is set for March 25″, the company stated in a press release.

Before the PTO, Sun Valley already owned 30.85% of Mineros’ shares. With the completion of the Public Tender Offer, Sun Valley will attain a 56.85% stake in the total outstanding shares, further consolidating its leadership position.

Last week, it was disclosed that Mineros’ Board of Directors authorized the potential participation of board members and executives in Sun Valley’s Public Tender Offer. The authorization was granted within the context of Sun Valley’s improved offer, as defined in the material information published on March 4, 2025, and will remain valid for seven calendar days, concluding on Thursday, March 20, 2025.

Read the original article in La República by Roberto Casas Lugo published on March 19, 2025: Click here.