(Reuters) -Dsm-firmenich's is close to selling its animal nutrition business, with final bids expected from private equity firms CVC, Apollo and Dutch rival Nutreco, Dutch newspaper Financieele
Dsm-firmenich Nears Sale of Animal Nutrition Business with Final Bidders
(Reuters) -Dsm-firmenich's is close to selling its animal nutrition business, with final bids expected from private equity firms CVC, Apollo and Dutch rival Nutreco, Dutch newspaper Financieele Dagblad reported on Sunday.
Potential buyers have until July 24 to submit binding offers, with dsm-firmenich aiming to finalise the deal this summer, the report said.
Reuters could not immediately verify the report, and dsm-firmenich declined to comment on Monday.
The company said last year it was planning to carve out the Animal Health and Nutrition business by the end of 2025, which would lower its exposure to earnings volatility in the vitamins segment, as it seeks to sharpen its focus on perfumes and flavours.
($1 = 0.8500 euros)
(Reporting by Dimitri Rhodes in Gdansk, editing by Milla Nissi-Prussak)
