SHV ups bid for Nutreco

The new offer has convinced two of Nutreco’s major shareholders, APG Asset Management and ING Insurance – which hold 9.79% and 7.52% of the shares in Nutreco respectively – to sell up.

The increased offer price represents a premium of 60% to the closing price of Friday 17 October 2014 and a premium of 51% to the average closing price for the 3 months prior to and including that date. The new deal values Nutreco at €3.038 million.

SHV confirms that it will declare the offer unconditional if the conditions have been satisfied or (wholly or partly) waived on or before 17 February 2015.