Colombia opens probe into Nutresa bid

Colombia opens probe into Nutresa bid

Equity M&A Capital Markets Regulation Colombia Middle East

The Colombian attorney general's office said it is investigating possible irregularities related to a public offer by International Holding Company (IHC) for shares in local food processing firm Nutresa. The office said in a statement it received allegations about alleged judicial corruption during legal challenges against IHC's bid from two of Nutresa's biggest shareholders, Grupo Sura and Cementos Argos. A specialized corruption division has been assigned to the case due to the complexity and

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