SHV Holdings acquires Nutreco

SHV Holdings acquires Nutreco

SHV Holdings acquires Nutreco

SHV Holdings of the Netherlands announced to acquire Dutch supplier of animal food Nutreco for €2.7 billion ($3.4 billion) in cash deal.

 Nutreco shares increased to 39 percent to €39.20 on Monday in Amsterdam.

 “We consider Nutreco a very promising and exciting company with a good long-term growth opportunity, solid management and company values similar to SHV,” Stephan Nanninga, the SHV executive chairman, said in a news release.

 Accepting the offer by shareholders was recommended Nutreco’s supervisory board.

 The transaction is subject to regulatory approval. Shareholders agreed to sell 95 percent of Nutreco’s outstanding shares to SHV. After merger SHV plans to take out Nutreco’s shares.

 Nutreco would remain a separate company within SHV following the merger and maintain its headquarters in the Netherlands.

 “We are excited about this new step in the rich history of our company,” Knut Nesse, the Nutreco chief executive, said in a news release. “SHV will be an excellent partner, enabling us to maintain our corporate identity, culture, values and organization.”

Under the terms of deal, SHV would pay €40 a share for Nutreco oustanding shares in cash deal, it is 42 percent premium to Nutreco closing price on Friday.

 Nutreco’s advisors were ING and  Leonardo & Company as well as law firm De Brauw Blackstone Westbroek. SHV was advised by Lazard and the law firm Allen & Overy

Mr. Stakebay says:

SHV Holdings, which owns the warehouse club store Makro, oil and gas production businesses, private equity investment and transportation helps to ensure another diversification of SHV businesses.

 

SHV HOLDINGS

NUTRECO

Revenue

€ 17.609  Billion (2013)

€ 3.867 Billion (2013)

Operating income

€ 931  Million (2013)

€ 195 Million (2013)

Profit

€   3.559 Billion (2013)

€ 150 Million (2013)

Total assets

€ 12.304 Billion (2013)

€ 2.624 Billion (2013)

Total Equity

€ 6.93 Billion (2013)

€ 962 Million (2013)

Employees

 47100 (2013)

7307 (2013)

 

CEO of SHV Holdings ………………………P.J. KENNEDY……………………..(2011-present)

CEO of Nutreco………………………………KNUTT NESSE……………………..(2009-present)…….€ 1 563 130 (2013)

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