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The Gilinski-backed slate voted without a sufficient quorum, ruled the court.

President Petro is in Davos this week, attending the World Economic Forum.

The powerful Colombian banker and real estate developer Jaime Gilinski (Publicaciones Semana, Banco GNB Sudameris, Lulo Bank, Servibanca, etc.), the second richest person in the country, is making his move in the hope of undoing the castling of the Grupo Empresarial Antioqueño...

"I am talking about a continuation of the kind of positive disruption that has already taken hold in Colombia, and which is rapidly changing the financial landscape."

Today at 1pm the Grupo Sura tender will close and 24 hours later it will be Grupo Nutresa's turn.

Roops sees three possible outcomes for Jaime Gilinski's hostile takeover attempt of Grupo Nutresa.

The bank will launch with almost $27 million USD of capital, and operate digitally, through apps, its (currently inoperative) website, and Gilinski group’s Servibanca network of ATMs (Automated Teller Machines) throughout Colombia.