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    NUTRESA   COT04PA00028

GRUPO NUTRESA S. A.

(NUTRESA)
  Report
End-of-day quote Bolsa De Valores De Colombia  -  2023-01-31
44400.00 COP   -3.06%
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Colombia financial regulator approves purchase of stake in Nutresa

11/19/2021 | 09:58pm EST

BOGOTA, Nov 19 (Reuters) - Colombia's financial regulator has given the green light for a majority takeover of food processor Nutresa, according to a source close to the operation and Colombia's stock exchange.

With the authorization of the financial regulator bidder Nugil SAS, which is controlled by Grupo Gilinski, will be free to negotiate with Nutresa's shareholders.

Nutresa, Colombia's largest processed food producer, received an offer to acquire between 50.1% and 62.62% of its circulating shares, with an offer price of $7.71 per share.

Depending on how many shares are bought, the deal would see a value of $1.77 billion to $2.22 billion, according to Reuters calculations of stock market data.

The approval came after Nugil SAS registered a guarantee worth $1.08 billion to fund the purchase to Colombia's stock exchange.

The guarantee has the backing of conglomerate Royal Group, whose chairman is Sheikh Tahnoun bin Zayed Al Nahyan, a brother of the de facto ruler of the United Arab Emirates.

Nutresa operates around Latin America, as well as in the United States and Malaysia. It makes processed meat, cookies, chocolate, coffee, pasta and ice cream and has a line of restaurants and ice cream shops.

Among its top shareholders are conglomerates Grupo SURA , Grupo Argos and pension fund Porvenir.

Trading in Nutresa shares was suspended following the offer on Nov. 11, though trading could restart on Monday. (Reporting by Carlos Vargas Writing by Oliver Griffin; Editing by Michael Perry)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE FUTURE (GF) - CMG/C1 1.47% 185.95 End-of-day quote.-0.25%
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%
LIVE CATTLE FUTURE (LE) - CMG/C1 -2.32% 154.825 End-of-day quote.0.00%
NASDAQ COLOMBIA -0.37% 298.964247 Real-time Quote.3.24%
ROYAL GROUP CO.,LTD. 0.22% 9.08 End-of-day quote.19.00%
All news about GRUPO NUTRESA S. A.
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More news
Financials
Sales 2022 16 090 B 3 488 M 3 488 M
Net income 2022 864 B 187 M 187 M
Net Debt 2022 2 837 B 615 M 615 M
P/E ratio 2022 24,4x
Yield 2022 2,07%
Capitalization 20 965 B 4 545 M 4 545 M
EV / Sales 2022 1,48x
EV / Sales 2023 1,44x
Nbr of Employees 22 702
Free-Float 9,86%
Chart GRUPO NUTRESA S. A.
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Grupo Nutresa S. A. Technical Analysis Chart | MarketScreener
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Technical analysis trends GRUPO NUTRESA S. A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 45 800,00 COP
Average target price 28 998,00 COP
Spread / Average Target -36,7%
EPS Revisions
Managers and Directors
Carlos Ignacio Gallego Palacio President & Chief Executive Officer
José Domingo Penagos Vásquez Chief Financial Officer & Vice President-Finance
Jaime Alberto Palacio Botero Independent Director
Ricardo Fandiño de la Calle Independent Director
Christian Murrle Rojas Independent Director
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