Nutreco’s salmon feed business performed strongly last year but the Dutch group decried overcapacity in the main Norwegian market as it released its financial results for 2015.
The fish feed segment of Dutch group, Nutreco, proved resilient in the second half of the year despite Marine Harvest’s own feed plant coming on stream, concludes a leading equity analyst.
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’s acquisition of two Brazilian premix and feed specialties firms makes sense, and will extend its footprint in one of the fastest growing animal nutrition markets, says an analyst.
This week has seen shareholders in Nutreco such as Dutch pension group, APG, call on the Dutch fish and animal feed manufacturer to open its books to Cargill and Permira, the potential contenders to a €3 billion ($3.7bn) acquisition bid by SHV Holdings.
Metabolic studies will feature large in Nutreco’s new dairy calf nutrition research program, LifeStart, as a way of exploring what impact a higher plane of nutrition at the perinatal stage has on an animal’s lifetime performance.
Analysts say firms such as Cargill and DSM could still trump SHV's offer
Animal and fish feed group, Nutreco, said it fully endorses the bid from privately-held Dutch investment firm, SHV, to acquire it for €40 ($51) per share, or €2.69 billion ($3.43bn), and it dismissed speculation about third party bids for the business.
An analyst questions Nutreco’s move to set up a joint venture in fish feed in Nigeria, saying the Dutch feed group should remain focused on the massive growth potential of the Asian and Latin American aquaculture markets instead.
A global feed maker on the hunt for a strategic buy could snap up Nutreco’s compound feed and meat businesses in Spain and Portugal, claims an analyst.
