Gilinski offers up Nutresa stake

Gilinski offers up Nutresa stake

M&A Equity Capital Markets Colombia Middle East

Colombia's Grupo Gilinski is poised to sell part of its stake in Grupo Nutresa to the Abu Dhabi-based conglomerate International Holding Company (IHC), which began a public offer for the food processing firm this month, Bloomberg Línea reported. The group, led by Jaime Gilinski, owns 30.9% of Nutresa and plans to sell between 5% and 9.9% to IHC, according to the news website. Grupo Gilinski acquired 30.9% of Nutresa for about $1.2 billion during two public offers of its own earlier this year, pa

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