According to an internationally operating Dutch bank, Dutch livestock feed
manufacturer Nutreco could be taken over by the British investment company
Market analysts at ABN Amro Bank made their predictions in a report on
Nutreco. The Dutch company is likely to lose a battle for the take over of
another Dutch animal nutrition company, Provimi, to Permira.
Due to contracts between both Dutch companies, it would be
likely for the British to also take over Nutreco. The British investment company is said to be about to take a
74% share in Provimi, the analysts write.
has had a lot of money in stock, due to selling its activities in salmon
industry. Still the bank's analysts do not think the company can beat an
investment company, which is able to use more aggressive financing methods. In
addition, Nutreco's shareholders are expected to resist should the company show
a willingness to pay too much for Provimi, the bank thinks. More than 50% of the
shareholders has to agree to purchasing Provimi. However, a merger of Nutreco
and Provimi would be very healthy for Nutreco, the bank writes. On the Amsterdam
stock exhange, the news made Nutreco's shares rise 2.8% on
Nutreco is the holding company of Hendrix UTD, Trouw Nutrition,
Grupo Sada and Selko. Also Euribrid, sold to Hendrix Genetics today, has been
part of Nutreco.
Related web sites:
To comment, login here
Or register to be able to comment.