Nutreco increases its shareholding in Brazilian joint venture to 97%
(Thomson Reuters ONE) -
Nutreco announced today that it has signed an agreement to increase its
shareholding in its Brazilian joint venture Nutreco Fri-Ribe from 51% to 97%.
The joint venture was formed in November 2009. The increased shareholding
provides Nutreco a good basis for building a strong position in one of the most
important agriculture and aquaculture growth markets in the world. Brazil is the
third largest animal nutrition market in the world, with annual growth of
approximately 4-5%.
Nutreco Fri-Ribe supplies premix and feed specialties products for ruminant,
swine, poultry and aquaculture species. Nutreco Fri-Ribe is market leader in
shrimp feed with more than 20% market share and the number two feed provider for
tilapia with more than 10% market share. In Brazil, Nutreco employs 470
employees with revenue of EUR 84 million.
Jerry Vergeer, Nutreco's Chief Operating Officer Animal Nutrition: "After two
years of strong development and cooperation with our partners, we are now ready
for the next phase of growth activities in Brazil. Achieving 97% of the shares
creates the platform to make further steps that are in line with Nutreco's
strategic Ambition 2016."
Nutreco's 'Ambition 2016 - driving sustainable growth' is to grow and improve
profitability by innovative and sustainable nutritional solutions for its
customers. This will be realised by focusing on a higher margin portfolio of
nutritional solutions such as premixes, feed specialties and fish feed and by
expanding into the growth geographies of Latin America, Russia, China and
Southeast Asia, which will see the largest increases in both production and
consumption of animal protein food products.
* * * * *
Nutreco
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed
solutions are at the origin of food for millions of consumers worldwide.
Quality, innovation and sustainability are guiding principles, embedded in the
Nutreco culture from research and raw material procurement to products and
services for agriculture and aquaculture. Experience across 100 years brings
Nutreco a rich heritage of knowledge and experience for building its future.
Nutreco employs approximately 10,000 people in 30 countries, with sales in 80
countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam
and with annual revenue of EUR 4.7 billion in 2011.
www.nutreco.com
For more information:
Jan Slootweg, Director Investor Relations a.i., Nutreco
Telephone: +31 33 422 6132
Mobile: +31 6 2322 9680
E-mail: jan.slootweg(at)nutreco.com
Nutreco increases its shareholding in Brazilian joint venture to 97%:
http://hugin.info/133565/R/1593030/501136.pdf
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Source: Nutreco via Thomson Reuters ONE
[HUG#1593030]
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 123529
Anzahl Zeichen: 3613
contact information:
Town:
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Kategorie:
Business News
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