Grupo SURA, Colombia’s largest holding company, has received a public acquisition offer for between 25.34% and 31.68% of its circulating shares from financial conglomerate Grupo Gilinski, the financial regulator and stock exchange said late on Tuesday.

The offer is worth between $952.1 million and $1.19 billion at a price of $8.01 per share, according to Reuters calculations based on stock exchange data.

Nugil SAS, which is controlled by Grupo Gilinski, wants to buy between 50.1% and 62.625% of Nutresa’s shares at a price of $7.71 per share, valuing the deal between $1.78 billion and $2.22 billion.

Read more/Source: Reuters