DSM, Cargill, Others Bid on PE-Owned Provimi

French animal feed maker Provimi, which is owned by buyout shop Permira, has seen a slew of first round offers from the likes of Cargill, China’s New Hope Group, and Dutch companies DSM and Nutreco, Reuters reported. A potential buyout of Provimi could reach as high as 2 billion euros ($2.9 billion). JP Morgan is conducting the auction. Second round bids are expected in about six weeks.

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