Nutresa's biggest shareholder weighs IHC bid

Nutresa's biggest shareholder weighs IHC bid

M&A Equity Capital Markets Colombia Middle East

Shareholders in Colombia's Grupo Sura have instructed a group of board members to decide whether the financial services firm should sell its shares in Nutresa in a public offering that starts next week. A three-member panel of board members will evaluate the bid by International Holding Company (IHC) for up to 31.3% of Nutresa, a food processing firm in which Sura is the biggest investor, according to a company statement. Colombian billionaire Jaime Gilinski, the firm's largest shareholder, came

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