JGDB, Nugil, IHC Capital Holding, Grupo Nutresa, and Grupo Sura to acquire a stake in Grupo Nutresa food business from Grupo Argos.

JGDB and Nugil, companies controlled by Jaime Gilinski, Capital Holding, a company that invests in diversified global sectors, Grupo Nutresa, a food-processing conglomerate, and Grupo Sura, an investment management firm, agreed to acquire a stake in Grupo Nutresa food business from Grupo Argos, a Colombian conglomerate with large investments in the cement and energy industries. Financial terms were not disclosed. “The arrival of a new global investor to Grupo Nutresa with the desire to grow its operational platform not only represents an opportunity for value creation for all its shareholders but also allows us to maintain the principles that have historically characterized the organization, preserving over 46,000 jobs and investment in the country. Furthermore, it is a step towards the consolidation of Grupo Argos as an asset manager and enables us to safeguard the rights of all the company’s shareholders. Grupo Argos and Grupo Sura will continue to advance in the processes of seeking partners and strategic alternatives to maintain their focus on their core businesses," Jorge Mario Velásquez, Grupo Argos CEO.