Overview

• Grupo Nutrisa closed its first session down 11.1% at 5.47 pesos, valuing the company at about 1,759 million pesos.
• Nutrisa began trading via a dividend in kind of 321.6 million shares, not an IPO, after an initial reference of 6.15 pesos per share that implied a 1,978 million peso valuation.
• Shares of Grupo Herdez fell 8.05% to 64.65 pesos, marking their worst single-day performance since April 15, 2020.
• The standalone company consolidates Nutrisa, Moyo, Cielito Querido Café and Chilim Balam with 663 stores as of June 30.
• Herdez and GBM describe the split as a value-creation move that gives both companies clearer strategy and operational focus.