Deals
Nutreco in Talks for CJ's $1.7 Billion Animal Feed Assets
- Companies aim to reach an agreement before end of this year
- Assets include CJ’s feed mills in China and Southeast Asia
Sacks of Sprayfo feed at a processing plant operated Nutreco NV.
Photographer: Jasper Juinen/Bloomberg
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Aqua-feed supplier Nutreco NV is in advanced talks to buy the animal feed assets of South Korea’s CJ CheilJedang Corp. in a deal that could be worth about 2 trillion won ($1.7 billion), according to people with knowledge of the matter.
The sale, which the companies aim to reach an agreement this year, would include CJ’s feed mills in China and Southeast Asia, the people said, asking not to be identified because the information is confidential. Negotiations are ongoing and may not result in a deal, the people said.