Benchmark to Mitsui Said to Weigh Bids for Fish Business Inveby
Sale of Dutch nutrition firm could fetch about $350 million
Rothschild advising on sale, which is at an advanced stage
Benchmark Holdings Plc, Mitsui & Co. and Nutreco NV are among bidders to acquire fish nutrition firm Inve Aquaculture NV from Royal Bank of Scotland Plc and Rabobank, according to people familiar with the matter.
The banks are working with financial advisory firm Rothschild on the sale of Inve, which is at an advanced stage and may fetch about $350 million, the people said, asking not to be identified because the discussions are private. The final valuation of the company may be affected by some uncertainty over a contract with Inve’s suppliers, the people said. No final decision has been made and RBS and Rabobank may choose to keep Inve, they said.
Representatives for Benchmark, Mitsui, Nutreco, Rabobank and RBS declined to comment.
Founded in 1983, Breda, Netherlands-based Inve produces nutrition and health products for fish and shrimp hatcheries and farms in more than 70 countries.