News 424 views last update:6 Aug 2012

Nutrilux wants to buy 74% of Provimi

Nutrilux offered to acquire the French animal-food producer Provimi from its holding company Provimlux.

Nutrilux values Provimi at €783 million ($1.01 billion) and wants to buy 74% of the company for €30 a share.

Provimlux is owned equally by private equity firms CVC Capital Partners and PAI Capital Partners, which acquired Provimi in 2002 for €833 million. It said the announcement was made in reaction to press speculation. It will make a further statement 'in due course.'

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