Louis Dreyfus Company (LDC), Shandong Bohi Industry (Bohi), ING, Societe Generale and ABN Amro have completed the first full agricultural commodity transaction using a blockchain platform.
An analyst reckons US agri-giant Cargill will make a concrete offer for Nutreco soon even though such a counter bid must come in at least 8% higher than the €44.50 per share offer from SHV, a stipulation that private firm secured when finalizing its bid...
Dutch investment company, SHV, has published its offer memorandum for Nutreco, revealing that its €44.50 per share offer begins Monday next and ends on 17 February 2015.
Nutreco says the offer process from SHV is “on track” with the investment firm saying it will publish its offer memorandum on its intended acquisition of all the animal nutrition company’s shares at the start of next month.
A bidding war is underway for Nutreco after SHV raised its offer to €44.50 ($54.87) a share in response to acquisition interest shown from Cargill, which is keen to take on the Dutch group’s fish feed division.
The Dutch feed company, in its trading update for the first quarter of 2014, said revenue for the period, at €853.3 million, was up 8.4% on the same quarter last year.
