November 15, 2022 |
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
Colombian regulator suspends the Abu Dhabi-based group's public offering for the local food company