NETHERLANDS - SHV Investments, an indirect wholly owned subsidiary of SHV Holdings N.V. has started the final step in acquiring all issued and outstanding ordinary shares in animal feed and poultry company Nutreco.
After completion of its public offer for the Shares and subsequent purchases, the SHV held 66,248,961 shares, on 9 April, representing approximately 98.68 per cent of Nutreco.
In the statutory procedures that have now started SHV is seeking to acquire the remaining 889,470 shares through a writ of summons and is requesting the Enterprise Chamber of the Amsterdam Court of Appeal to set the squeeze-out price at €45.25 per Share, equal to the public offer.
SHV said it had always intended ultimately to acquire 100 per cent of the shares.
As Nutreco and SHV announced in March, the delisting of Nutreco will take place on 17 April and the last day that the shares can be traded on Euronext will be 16 April.
TheMeatSite News Desk