Who is the sheikh who launched the billionaire takeover bid for Nutresa?

Tahnoon bin Zayed Al Nahyan is the name behind the new Public Acquisition Offer (OPA) for the Group’s shares Nourishes.

On Tuesday night, it launched an offensive for between 25% and 31.25% of the food holding company, at a rate of US$15 per share. In practice it means that offers $9.48 billion (at today’s exchange rate) to obtain 143,048,709 shares.

The firm with which he will make the move is International Holding Capital, a subsidiary of IHC Capital Holding LLC, based in Abu Dhabi, United Arab Emirates (UAE).

Can read: Gilinski would earn $4.3 billion if he sells Nutresa shares

But who is Tahnoon bin Zayed? He is a 52-year-old tycoon, born in the United Arab Emirates.

Bin Zayed holds the position of Security Advisor of that countrybut behind there is a legacy of power.

In fact, he is part of the royal family of Abu Dhabi and his brother, Mohamed bin Zayed Al Nahyan, is the president of the UAE.

the sheikh has been involved in several controversies, such as the Pandora Papers, due to a company registered in the British Virgin Islands between 2000 and 2016 that was linked to a boatbuilding firm in Abu Dhabi.

Otherwise, it has been strongly linked with the intelligence operations of his country.

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Among its business portfolio is the aforementioned International Holding Company, the First Abu Dhabi Bank (largest Arab bank) and the conglomerate Royal Group.

These last two they have been backing Gilinski’s takeover bids for the GEA. In the booklets of these offers, First Abu Dhabi Bank appears as the bank that issued the guarantees.

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The bank has 6,600 employees, is present in 20 markets worldwide and has more than 3 million customers.

For its part, Royal Group owns more than 60 companies which in turn own other firms.

The fund generates more than 27,000 jobs and its relationship with Gilinski is that, through the firm Aflaj Investment LLC, it owns 49.9% of Nugil, a company that launched the previous takeover bids for Nutresa, and in which Gilinski owns the 50.01%.

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