Breaking News

Abu Dhabi's IHC to acquire up to 31.25% stake in Colombian food giant Grupo Nutresa

September 22, 2022
finance & economy

Offer price pegged at $15 per share

Abu Dhabi-based conglomerate International Holding Company (IHC) is looking to acquire up to 31.25% stake in Colombian packaged foods giant Grupo Nutresa.

The company's subsidiary, IHC Capital Holding, has just filed a request to launch a tender offer to acquire between 25% and 31.25% of the ordinary shares of the Colombian firm, according to a disclosure on the Abu Dhabi Securities Exchange (ADX) on Wednesday.

The offer price is pegged at $15 per share.

The holding company posted a 121% growth in revenue for the first half of the year. Its net profit jumped 137% to more than AED10.3 billion ($2.8 billion) during the same period.

zawya

Top News



finance & economy

Philip Morris International Announces Ne...
November 26, 2022
Abu Dhabi Hosts Annual Investment Meetin...
November 25, 2022
Truck Safety Matters – 2nd Multi P...
November 25, 2022