DSM-Firmenich's Animal Nutrition Sale Was Harder Than Expected -- Market Talk

Dow Jones
Feb 09

0756 GMT - It took DSM-Firmenich longer than expected to sell its animal nutrition and health business and its deal with CVC Capital Partners for 2.2 billion euros including debt was priced lower than anticipated, Vontobel's Arben Hasanaj says in a research note. The process dragged on, as the prior target for the sale was last year's summer, and price expectations were lowered from the more than 3 billion euros DSM expected at the outset, according to Vontobel. The Dutch ingredients company sought to sell the business given its earnings variability due to vitamin prices and capital demands, the analyst says. Moreover, animal nutrition didn't seem to fit much with the group's core human-focused portfolio, he adds. (adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

February 09, 2026 02:56 ET (07:56 GMT)

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