BOGOTA: Billionaire banker Jaime Gilinski ramped up his bid to take control of Colombian grocery store chain Almacenes Exito, according to a draft letter seen by Bloomberg and later confirmed in a regulatory filing.
Gilinski on Tuesday sent the letter to Exito’s largest shareholder, Cia Brasileira de Distribuiçao, offering US$586.5mil (RM2.71bil) in cash for a 51% stake in the retailer.
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