Abu Dhabi’s International Holding Company’s (IHC) subsidiary, IHC Capital Holding has received approval to launch a AED10.2 billion ($2.8 billion) tender for giant Colombian food-processing conglomerate, Grupo Nutresa.
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ABU DHABI, 19th October, 2022 (WAM) The International Holding Company (ADX: IHC), one of the giant investment holding companies in the Middle East and Africa, headquartered in Abu Dhabi, has officially received the authorisation from the Colombian Superintendency of Finance (Superintendencia Financiera de Colombia) to its subsidiary, IHC Capital Holding, to launch a tender offer of approximately AED 10.2 billion (approx. USD 2.8 billion), for Colombian giant food-processing conglomerate, Grupo Nutresa.
The move comes as part of IHC's long-term investment and development plan in.