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New owners of Latin American food group spent $2.7bn over 18 months to gain control
...The deal is expected to give Colombian billionaire Jaime Gilinski Bacal ultimate control of the bank. Read more on the rescue of one of the UK’s newest lenders. 3....
...“At the moment, Gilinski . . . doesn’t control anything,” said Daniel Guardiola, an analyst at BTG Pactual in Bogotá. “And you don’t invest over $2.5bn not to control anything.”...
...There’s £150mn in new equity, nearly all of which is backstopped by Metro’s biggest shareholder, the Colombian billionaire Jaime Gilinski Bacal....
...Daniel Guardiola, an analyst at BTG Pactual in Bogotá, said Gilinski “is right” in his criticisms of GEA’s management....
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