July 7 (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)