Dsm-firmenich's animal feed unit sale attracts three final bidders, Dutch paper reports

Apollo Global Management, LLC Class A -0.12%
HEARTLAND BANCCORP COM 0.00%
Dow Jones Industrial Average -0.89%
S&P 500 index -0.75%
NASDAQ -0.50%

Apollo Global Management, LLC Class A

APO

146.66

-0.12%

HEARTLAND BANCCORP COM

HLAN

160.00

0.00%

Dow Jones Industrial Average

DJI

47986.73

-0.89%

S&P 500 index

SPX

6765.23

-0.75%

NASDAQ

IXIC

22942.61

-0.50%

- Dsm-firmenich's DSFIR.AS is close to selling its animal nutrition business, with final bids expected from private equity firms CVC CVC.AS, Apollo APO.N and Dutch rival Nutreco, Dutch newspaper Financieele Dagblad reported on Sunday.

Potential buyers have until July 24 to submit binding offers, with dsm-firmenich aiming to finalise the deal this summer, the report said.

Reuters could not immediately verify the report, and dsm-firmenich declined to comment on Monday.

The company said last year it was planning to carve out the Animal Health and Nutrition business by the end of 2025, which would lower its exposure to earnings volatility in the vitamins segment, as it seeks to sharpen its focus on perfumes and flavours.

($1 = 0.8500 euros)


(Reporting by Dimitri Rhodes in Gdansk, editing by Milla Nissi-Prussak)

((Dimitri.Rhodes@thomsonreuters.com;))

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via