NETHERLANDS - SHV Investments has received a commitment from shareholders in the animal and fish feed and poultry company Nutreco to acquire 96.15 per cent of the shares in the company.
SHV Investments, a subsidiary of SVH Holdings, has declared that its offer to Nutreco shareholders is unconditional and those shareholders, who have not committed to sell their shares still have until 25 March during the Post-Closing Acceptance Period of the takeover.
The 96.15 per cent of the shares that SVH will acquire have been valued at €2,920,971,574.50
The initial offer period for the shares ended on 10 March and payment for the shares will be made on 16 March.
SVH is now to delist Nutreco on Euronext Amsterdam, which SVH said could affect those shares that are not yet committed.
The investment company said it will now initiate a “squeeze out procedure” on the outstanding shares.
TheMeatSite News Desk