Second Round Bids For Permira's Provimi Due Aug 10 - Source
05 August 2011 - 4:00AM
Dow Jones News
Second round bids for Provimi, the Dutch animal food maker owned
by Permira, are due Aug. 10, a person familiar with the situation
told Dow Jones Newswires Thursday.
The sale is being run by JPMorgan Chase (JPM).
Local rival Nutreco NV (NUO.AE) and Dutch life and materials
sciences company Royal DSM NV (DSM.AE, RDSMY) have said they are
considering a joint bid and bids are also likely from the U.S.'s
Cargill Inc., according to press reports. It is unclear whether
China's New Hope Group Co. or any private equity firms remain
interested.
Based in Rotterdam, Provimi makes ingredients and additives that
are used in feed for cows, chicken and pigs. It posted profit
before tax of EUR65.1 million on sales of EUR1.6 billion for the
year ended Dec. 31, 2010 and has been valued at up to EUR1.8
billion.
-By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241;
marietta.cauchi@dowjones.com