IHC falls short in Nutresa offer

IHC falls short in Nutresa offer

Equity M&A Capital Markets Colombia Middle East

Abu Dhabi's International Holding Company (IHC) has abandoned an offer to acquire at least 25% of Grupo Nutresa after securing just 7.71% of shares in the Colombian food processing company, according to information from the BVC stock exchange in Bogotá. IHC had offered to pay $15 per share, but two of Nutresa's major shareholders, Grupo Sura and Grupo Argos, declined to participate. Argos said in a securities filing on Thursday that its board decided to refuse IHC's offer after reviewing analyse

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