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Columbian Nutresa To Raise $300M

Colombian food producer, Grupo Nutresa, is planning to sell new shares by June.

    Colombian food producer,Grupo Nutresa, is planning to sell new shares by June,Bloombergreports. The move is expected to raise about $300 million.

    The company intends to use the proceeds to fund acquisitions in the U.S. or Latin America. The company, formerly known asGrupo Nacional de Chocolates, may sell nearly 25 million shares.

    Click here for the story fromBloomberg.

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