News 1213 views last update:6 Aug 2012

Bluestar Adisseo to relaunch Hong Kong IPO

Animal feed maker Bluestar Adisseo Nutrition Group, backed by China National Chemical Corp, will relaunch its planned up to $1.5 billion Hong Kong (€133 million) initial public offering in September, IFR reported, citing sources close to the matter.

The company had shelved the IPO plan in November. BOC International, CCB International, Citigroup , Deutsche Bank (DBKGn.DE), Goldman Sachs and Morgan Stanley will manage the offer, said IFR, a Thomson Reuters unit.
Apart from investments in its French facilities, Adisseo is also in the planning stage for a new methionine production plant in China.

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