UAE’s IHC Secures Nearly 15% Stake in Colombia’s Nutresa
This move follows IHC's prior investment in Lulo Colombia, where it injected $200 million in 2022 into Lulo Bank, Colombia's first regulated digital bank.
Abu Dhabi’s International Holding Company (IHC) has finalized deals in South America, securing a 14.83% stake in Colombia's processed food company Nutresa. The transactions, disclosed on the Abu Dhabi Securities Exchange (ADX), involved a share swap arrangement and an open market offer within the Latin American nation.[1]
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The latest transactions were completed less than two years after the UAE company made its foray into the Colombian market.
Through its subsidiaries, IHC Capital Holding and Graystone Holdings, the company executed the deals.
Specifically, IHC transferred its 2.03% stake in Grupo de Inversiones Suramericana SA to receive a 2.45% stake in Nutresa. Additionally, an open market offer resulted in the acquisition of a further 12.38% stake in Nutresa. Following these transactions, IHC's effective ownership in Nutresa now stands at 14.83%, equivalent to 67,907,680 shares.
This move follows IHC's prior investment in Lulo Colombia, where it injected $200 million in 2022 into Lulo Bank, Colombia's first regulated digital bank.[2]