An unknown buyer entered into memorandum of understanding to acquire 31.8% stake in Grupo de Inversiones Suramericana S.A. (BVC:GRUPOSURA) from The Gilinski Group on May 24, 2023. In the MOU the parties set the general terms of a commitment that must be executed through the execution of definitive agreements and various operations that will be subject to obtaining the legal, statutory, and regulatory authorizations that apply. Grupo Gilinski to divest its stake in Grupo SURA and hold at least an 87% stake in processed food producer Nutresa.

BofA Securities, Inc. acted as financial advisor to Grupo de Inversiones Suramericana S.A.