Grupo Nutresa

So how are the neighbors thinking about the change of regime at this stage?

So there was the largest ice cream manufacturer called Tio Rico in Venezuela was just bought by a Colombian company, a large group in Colombia called Nutresa.

So those companies in Colombia, they are looking to buy these great assets, these great brand names like Tio Rico.

I think they have like 50% of the market.

And that should be beneficial.

We also have covered the important investments from... different groups, the Nutresa Group, also the T1 Supermarkets, Grupo Éxito, Construction, and different retailers, industrial textile producers.

And they will be involved in Venezuela after the, well, after the economic, the artificial economic destruction of Venezuela.

Colombians are the ones that are poised to benefit from that particular recovery.

And, um, and then you've-- there's, there's been other sort of smaller deals that we've, that we've seen that were basically unimaginable a year, a year ago, right? There was, for example, a, a large Colombian, um, uh, sort of, uh, CPG holding company.

Uh, it's called Nutresa.

They decided to, to invest in, uh, in one of the, the big, big-- the biggest ice cream brand in Venezuela, which is very, very popular.

Um, so that, that was a big headline at the moment because it's sort of the first time that a, a large Colombian company decided to sort of go back to, to, to Venezuela, right? Something that really hadn't happened in a, in a, in a while.

And they are discussing kind of like the game plan, what they are going to do in Venezuela, you know, tuning up final details in order to execute their strategy in Venezuela that apparently is very ambitious and already started, by the way.

Okay, keeping up with Colombia, this time on the private sector, Nutresa Group, remember, owned by the richest man in Colombia, Jaime Gilinski, they expect revenue between 150 to 200 million US dollars in Venezuela for the year 2027 through the new acquired Teo Rico company, the ice cream company.

And that's actually excellent news, and that's just the revenue from Teo Rico.

Apparently, they are going to do other things.

They are going to do further investments.

in the country, not only Nutresa Group, other Colombian business groups.

Going with that, Grupo Éxito is coming back to Venezuela as well.

Éxito is a very important supermarket chain in Colombia, and actually it had a significant presence in Venezuela.