Nutreco N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
12 mar 2012 - 07:10
Statutory name
Nutreco N.V.
Title
Nutreco increases its shareholding in Brazilian joint venture to 97%
Comments
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.