Yesterday the first conditions of the agreement that sealed the directives of Sura, Nutresa and Argos, the three large companies that are part of the so-called Grupo Empresarial Antioqueño (GEA) and the Gilinski family, which gives the latter the possibility of acquiring the control of the food processor, in exchange for said investors leaving their stake in Grupo Sura (38 percent).
(It may interest you: Shares of Nutresa, Sura and Grupo Argos were suspended on the Stock Market).
As recalled, Gilinski did not just acquire about 32 percent of Grupo Nutresa. or he did the hand of his partner Arab sheikh Tahnoon bin Zayed Al Nahyan, who controls the international firm Royal Group of Abu Dhabi. Both formed the Nugil company, in which its Arab partner participates with 49.9 percent, while the rest is in the hands of Colombian investors.
At 53, Zayed Al Nahyan is not only one of the richest men in the world. He is also a member of the ruling family in Abu Dhabi, an emirate that has more than $2.5 trillion in assets through the various investment funds they manage.
(Read also: These are all the Nutresa brands that change owners after an agreement with Gilinski)
They export four million barrels of oil per day and it is a country with only 500,000 Abudabi citizens and 1,000,000 migrants. It is one of the richest emirates per capita in the world.
Tahnun bin Zayed manages a portfolio of businesses ranging from national security interests and the corporate sector of the United Arab Emirates (UAE).
He is president of ADQ, a state holding company; of the first Bank Of Abu Dhabi, the largest lender in the UAE, and the Royal Group, an international conglomerate of 60 large and medium-sized companies based in the UAE.
Founded in the late 1990s, it has more than 20,000 employees from different countries and its head office is in the capital Abu Dhabi.
Through the funds it manages, it has made large investments in different sectors around the world, including food in Europe.
His relationship with him Gilinski Group It dates back more than a decade and is currently its partner in the Howard Air Base project in Panama, in which they have a 50 percent stake. Now it participates in Nugil, a company controlled by Colombian investors and through which the takeover bid for Nutresa was launched this week.
(In addition: Shares of Nutresa, Sura and Grupo Argos were suspended on the Stock Market).
According to sources close to this organization, the sheikh has a tradition of long-term investment and that was precisely his intention when betting on Colombia with this business, in which now, with total control of the company, they will seek to convert nutresa in a world-class firm with production plants in Europe and Asia, which allow them to export their products to Saudi Arabia and Egypt, among many other countries, which are large markets.
With the agreement announced this Wednesday, and once the authorities give the go-ahead to those involved in that negotiation that would give Nugil more than 87 percent of Nutresa, the path to achieving that objective looks clearer.
“Nutresa is not only the largest food company in Colombia and in the region, it also has enormous potential for internalization,” said a source close to the organization.
Tahnoon bin Zayed is the son of the founder of the United Arab Emirates, Sheikh Zayed bin Sultan Al Nahyan.
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