US EditionDSM-Firmenich Sells Its Animal Feed Arm to Private Equity's CVC - DutchNews.nl
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DSM Inks Deal to Sell Animal Health Business to CVC Capital
DSM-Firmenich AG agreed to sell its animal nutrition and health business to CVC Capital Partners for an enterprise value of about €2.2 billion ($2.6 billion), as the Dutch-Swiss firm sharpens its focus on consumer goods.
Ingredients producer DSM-Firmenich is selling its animal feed business to investor CVC Capital Partners for €2.2 billion, the…
The Swiss-Dutch chemical company DSM-Firmenich is ceding control of its Animal Nutrition and Health (AHN) unit to the Luxembourg fund CVC Capital Partners, while retaining a 20% stake.
DSM-Firmenich was among the losers on the Amsterdam stock exchange on Monday. The nutrition and health company is selling its animal feed ingredients and vitamins division, Animal Nutrition & Health (ANH), to investor CVC. DSM-Firmenich expects to receive €1.2 billion from the sale and will retain a 20 percent stake in the divested division, which employs approximately 8,000 people. The share price fell 5 percent. CVC, which is also listed on th…
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