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October 9, 2015

United Kingdom/Netherlands/Belgium

Benchmark Holdings May Buy INVE

 

Benchmark Holdings, listed on the United Kingdom’s stock exchange, confirmed that it is contemplating the acquisition of INVE Aquaculture Holding, which has sold shrimp hatchery feeds and other products to the shrimp farming industries for decades, from the Royal Bank of Scotland and Rabobank. The banks are working with financial advisory firm Rothschild on the sale of INVE.  No final decision has been made and the Royal Bank of Scotland and Rabobank may choose to keep INVE.

 

Bloomberg News reported that Mitsui and Nutreco were also interested in purchasing INVE.

 

INVE, which has revenues of $190 million a year, could fetch as much as $350 million, Bloomberg reported.

 

Sources: 1. Undercurrent News [eight free news reads every month].  Editor, Tom Seaman (undercurrent@undercurrentnews.com).   Benchmark Confirms Deal Talks for INVE.  October 8, 2015.  2. Bloomberg Business.  Benchmark to Mitsui Said to Weigh Bids for Fish Business INVE.  Manuel Baigorri.  October 8, 2015.

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