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    GRUPOARGOS   COT09PA00035

GRUPO ARGOS S.A.

(GRUPOARGOS)
  Report
End-of-day quote Bolsa De Valores De Colombia  -  2023-01-31
9400.00 COP   +0.37%
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Colombia's Nutresa shares down more than 28% after failed public offer

11/21/2022 | 04:25pm EST
FILE PHOTO: The logo of Nutresa is seen in Medellin

BOGOTA (Reuters) - Shares in Nutresa, Colombia's largest food producer, closed 28.6% lower on Monday following a failed public offer for a large portion of shares in the company.

Nutresa shares closed at 38,990 pesos in comparison to a close of 54,600 per share on Friday.

An offer for Nutresa shares by Abu Dhabi's International Holding Company (IHC) was declared void after it failed to receive the minimum number of shares.

IHC's offer attracted sales of 7.71% of Nutresa, though the fund had sought to buy between 25% and 31.25% for $15 a share (74,376 pesos).

Nutresa's fall helped send Colombia index MSCI COLCAP down 3.84% to 1,233.44 points.

Shares in Grupo SURA, Nutresa's biggest shareholder, were down 1.22% to 40,500 pesos per share.

Neither SURA nor other major shareholder Grupo Argos participated in the offer.

(Reporting by Nelson Bocanegra; Writing by Julia Symmes Cobb; Editing by Cynthia Osterman)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GRUPO ARGOS S.A. 0.37% 9400 End-of-day quote.-0.95%
GRUPO DE INVERSIONES SURAMERICANA S.A. 0.24% 41000 End-of-day quote.-2.38%
GRUPO NUTRESA S. A. -3.06% 44400 End-of-day quote.-0.22%
NASDAQ COLOMBIA -1.45% 295.746111 Real-time Quote.1.74%
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More news
Financials
Sales 2022 21 622 B 4 602 M 4 602 M
Net income 2022 986 B 210 M 210 M
Net Debt 2022 15 374 B 3 272 M 3 272 M
P/E ratio 2022 8,66x
Yield 2022 5,39%
Capitalization 7 254 B 1 544 M 1 544 M
EV / Sales 2022 1,05x
EV / Sales 2023 1,00x
Nbr of Employees 12 852
Free-Float 48,7%
Chart GRUPO ARGOS S.A.
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Grupo Argos S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends GRUPO ARGOS S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Last Close Price 9 275,00 COP
Average target price 13 600,00 COP
Spread / Average Target 46,6%
EPS Revisions
Managers and Directors
Jorge Mario Velasquez Jaramillo President & Chief Executive Officer
Alejandro PiedrahÝta Borrero Vice President-Strategy & Finance
Rosario Cordoba Garces Chairman
Ana Cristina Arango Uribe Independent Non-Executive Director
Armando Montenegro Trujillo Independent Non-Executive Director
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