Abu Dhabi heavyweight IHC’s ambitions take on a global route
Investment heavyweight finally lands its Grupo Nutresa deal – and that’s not all
In the short story ‘The Jesting of Arlington Stringham’, the commentator suggests ‘the people of Crete make more history than they can consume locally’.
The same can be said of Dubai and the UAE, which has undergone dramatic reforms in the past few years, which the local media has struggled to keep pace with. One such has to do with Abu Dhabi based IHC’s acquisition of Grupo Nutresa, which unfolded over a period of three years, culminating in the latest announcements whereby the former would hold nearly 15 per cent of Grupo Nutresa through its subsidiary Graystone Holdings. This would cement IHC’s status as a global operator of businesses ranging from food to AI.
