The Financial Superintendence of Colombia confirmed to EL COLOMBIANO that he gave his endorsement to the Public Offer of Acquisition (OPA) who raised the arab company International Holding Company for up to 31.25% of the shares of Grupo Nutresa.
This decision comes after IHC Capital, the multimillionaire conglomerate from the United Arab Emirates owned by Sheikh Tahnoon bin Zayed Al Nahyan, filed the guarantee for 1,072 million dollars with the Colombian Stock Exchange. worth saying that said document is supported by Servivalores GNB Sudameris, bank of the Gilinski family, who also has interests in this business.
Among the factors that the Superintendence had to resolve was whether the Gilinski family, which already owns 31% of Nutresa’s shares, acts in partnership with IHC; At the moment the booklet is not known and it is expected that in the next few hours there will be greater clarity about the multinational’s claims.
The takeover bid is formulated to acquire at least 114.4 million common shares, equivalent to 25% of the issuer’s species subscribed, paid and in circulation; and a maximum of 143.04 million titles, that is, 31.25% of the species.
IHC offers to pay US$15 for each share, Therefore, if the takeover bid is successful, the disbursement would range between US$1,716.18 million and US$2,145.7 million, while in local currency between $7.9 billion and $9.8 billion. Keep in mind that precisely today the dollar is hitting highs close to $4,700.
With the booklet, the takeover bid will be formal and the holders of Nutresa shares, including Argos, Sura, the Gilinski family and a handful of families from Paisa who have refused to sell on previous occasions, will be able to express their interest in participating in this opportunity.
The last time Nutresa shares were active, they closed at $36,700, and with the current TRM for today, the Arab company would pay $69,540.