Tuesday, July 23, 2024

The business of an Arab sheikh seeking a stake of up to 31.25% in Nutresa

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More than 10 months after the first bid for Nutresa was made, This week, a new move was announced by food multilatina, which is seeking between 25% and 31.25% of those exported. The quoted price is $15 per share, which in local currency is 66,305 Colombian pesos, up 79% from the price the stock closed on the day the takeover offer was announced.

This time it was not Jaime Gilinsky himself who made the offer, but the International Holding Company (IHC); Abu Dhabi-based company is publicly traded It includes more than 100 companies with international operating segments and acquisitions in nine business segments.

Tahnoun bin Zayed Al Nahyan is the Chairman of the Board of Directors of the company, brother of Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates. He also heads the Abu Dhabi Royal Group, a company that has supported Gilinski’s previous bids for GEA companies.

Nutresa’s New OPA Is Almost 95% Higher Than Gilinski’s First Offer: Who Can Sell?also, He leads other business groups, such as First Bank of Abu Dhabi (FAB), the largest bank in the UAE With presence in different countries such as Europe, Asia, Middle East and America which has gained many recognitions for its growth. In fact, this same bank is the largest owner of IHC. He also chairs ADQ and G42, a leading group in cloud computing and artificial intelligence.

The estimated wealth of the royal family is close to 320,000 million US dollars, from its assets in businesses in various sectors. In fact, in 2020, it acquired the football team New Castle and invested money in Elon Musk’s subsidiary SpaceX.

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In the first half of the year, the International Humanitarian City posted a record profit, as revenue grew 121% to $5.985 million, compared to the same period in 2021. In addition, net profit rose 137%, according to its financial statements.

This is not the first time the company has invested in Colombia, because according to market players, IHC will be a partner of the Gilinski Group. Indeed, in the three OPA brochures, it was reported that a letter had been signed with IHC Capital Holding LLC stating its intent to participate in the future as a non-controlling shareholder in Jgdb Holding, the company through which offers are being offered by an insurance and investment company.

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