China gives clearance in SHV takeover bid for Nutreco

By Jane Byrne contact

- Last updated on GMT

China gives clearance in SHV takeover bid for Nutreco

Related tags: European union

Nutreco says that SHV has received regulatory clearance from the competition authorities of China in connection with its offer for the Dutch feed group.

The authorization from China follows similar approval from the EU and the competition bodies of Brazil, Canada, Russia, Turkey and the US. 

SHV is also reported to be making good progress in obtaining regulatory clearance for the deal from authorities in Bosnia and Herzegovina and Ukraine.

The news follows the extraordinary general meeting (EGM) organized by Nutreco yesterday where shareholders discussed the SHV offer. conditional changes in the make-up of the fish feed and animal nutrition company’s supervisory board were also announced.

Having secured the commitment of some of the biggest shareholders in Nutreco, AGP and NN Group, SHV bumped up its offer for the company to €45.25 ($51) per share on 30 January, valuing the company at €3.18 billion ($3.60bn).

 

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