Nutreco sells poultry processing business, Pingo Poultry

12/10/05 Nutreco Holding N.V. and Plukon Royale have announced the completion of the sale of Nutreco's poultry processing business Pingo Poultry. The agreement in principle was announced on 27 June 2005. Completion was dependent, amongst other factors, upon receiving approval from the competition authorities and this has been granted.

Nutreco Holding N.V. is an international company in the animal nutrition and fish feed markets, where it seeks to create added value through its knowledge of the food chains. The company has a selective presence in various stages of the fish and meat production chains. Nutreco’s Business Groups, each comprising several Business Units, have over approximately 80 production and processing plants in 22 countries and approximately 8,000 employees.

Nutreco’s net sales in 2004 were EUR 3,857.3 million. It is quoted on the Official Segment of the Euronext stock exchange (Amsterdam) and is included in the Amsterdam Midkap Index and the Euronext 150 Index.

http://www.nutreco.com/