Legal wrangling stalls IHC bid for Nutresa

Legal wrangling stalls IHC bid for Nutresa

M&A Regulation Equity Capital Markets Colombia Middle East

Colombian business regulator Supersociedades ordered International Holding Company (IHC) to suspend its bid for Nutresa after the offer sparked a legal dispute among the local food company's shareholders, according to press reports. The legal wrangling began when a judge cited a conflict of interest and barred two members of Sura's seven-member board from voting on whether to sell the company's stake in Nutresa, La República reported. The judge's decision was challenged by one of the parties inv

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