Officials from the Financial Superintendency have been studying whether the public offer to purchase the shares of the Nutresa group is viable.
Colombia News.
Next week will be key for a decision to be made on the possible acquisition of the majority shareholding of the Nutresa group, by the Gillinsky group, current owner of conglomerates such as Semana and other companies in the country.
On November 10, a takeover bid (OPA), and on the 18th of the same month, the SuperFinanciera will issue its concept.
According The Republic, that announcement of the OPA, would make Nutresa’s shares rebound up to 40% in the stock market. This group of companies has more than 30 thousand employees in Colombia.
During the holiday bridge, officials from the Financial Superintendency met to evaluate the viability of the proposal; the concept of the controlling entity is essential for the progress of the negotiations.
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The current owners of the Nutresa group also met to specify the negotiation strategy and the conditions of the eventual sale.
It is dedicated to food processing and has a presence in 14 countries around the world.
Nutresa is part of the Antioqueño Business Group; of which other important companies such as Argos and Sura are part.
The company is dedicated to food processing and is present in 14 countries around the world; the company has more than 45,000 workers, 31,000 of them in Colombia.
Nutresa is the owner of important brands such as Café Stamp Rojo, Jet Chocolates, Ducales cookies, among others.
Some analysts assure that an eventual sale of Nutresa it could mean “the business of the decade in Colombia.”
At stake is not only the fate of one of the most important Colombian companies, it could mean a strong ‘remittance’ in the structure of Grupo Empresarial Antioqueño.
The Gillinsky group, owner of Semana publications, offered $ 7.71 per share and expects to keep between 50.1% and 62.62% of the shares of the Nutresa group; that is the business could be around 9 billion Colombian pesos.
The offer would have the backing of the Royal Group, a conglomerate of which investors linked to the Abu Dhabi royal family are part.
Decisive week for Nutresa: details of what will be at stake in the next few hours https://t.co/k0gFBJ0hL1
– News Caracol (@NoticiasCaracol) November 16, 2021
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