As of close of market today, Nutreco is delisted from the Euronext Amsterdam stock exchange following a takeover by SHV. Nutreco has been listed on the stock market for over 18 years under the ticker symbol NUO, with the initial public offering taking place on 3 June 1997.
Over two decades Nutreco transformed itself into a global animal nutrition and fish feed company. Divested Nutreco operations such as its compound feed activities in the Benelux, its global salmon farming operations, animal breeding activities and meat processing in the Netherlands have become part of market leaders. The company also acquired significant animal nutrition and fish feed businesses in countries such as Brazil, Canada, China, Ecuador, Mexico and Vietnam. Nutreco today is fully focused on animal nutrition and fish feed with a global presence in over 30 countries.
The total shareholders return over the 18 years that Nutreco was listed is 885%, outperforming most of the AEX and AMX constituent companies. Nutreco won the Sijthoff Prize three times for excellence in financial reporting by Dutch listed companies for its annual report, which reflects also on the openness with which the company has sought to engage with the capital markets.
Knut Nesse, CEO Nutreco: "I would like to thank our shareholders for their support over the years. Today marks the end of an important era in the history of the company. I appreciate the trust that our shareholders have placed in Nutreco, which has enabled us to successfully grow as a company and to deliver value to them and our other stakeholders."
With the takeover by SHV a new chapter opens for Nutreco as a private company. The existing 'Driving sustainable growth' strategy will be continued with the full support of new shareholder SHV. Knut Nesse: "We will continue to provide innovative and sustainable nutritional solutions for our customers. As part of that determination we will further increase our efforts and investment in R&D. Nutreco remains fully dedicated to its mission Feeding the Future."
END OF PRESS RELEASE
Note to the editor (not for publication)
This press release is also published in Dutch. In the event of differences, the English language version shall prevail as the authoritative version.
Driving sustainable growth
Nutreco's strategy 'Driving sustainable growth' is to grow and improve profitability by providing innovative and sustainable nutritional solutions for its customers. This will be realised by focusing on a higher value-added portfolio of nutritional solutions such as premixes, feed specialties and fish feed, and by expanding into the growth geographies of Latin America, Russia, Asia and Africa, which will see the largest increases in both production and consumption of animal protein food products.
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and experience for building its future. Nutreco employs approximately 11,000 people in 35 countries, with sales in 80 countries.
Investor and analyst enquiries
Jurgen Pullens, Director Investor Relations
T +31 (0) 33 422 6134
M +31 (0) 6 5159 9483
Mark Woldberg, Manager Corporate Communication
T +31 (0) 33 422 6178
M +31 (0) 6 1503 3036
The full press releases in English and Dutch are attached in the pdfs below.
Nutreco delisted from Euronext:
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Source: Nutreco via Globenewswire