Gilinski clinches deal for Nutresa

Gilinski clinches deal for Nutresa

M&A Andean Latin America South America Colombia Equity Capital Markets

Colombia's Grupo Gilinski and Abu Dhabi's International Holding Company (IHC) sealed an agreement with Nutresa shareholders to take control of the food processing company and sever ties with financial services firm Grupo Sura. According to the memorandum of understanding announced on Wednesday, Grupo Gilinski and IHC will increase their combined shareholdings in Nutresa to at least 87% through transactions with the company's other shareholders, including Sura and local energy and cement producer

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