Nutreco in talks to buy CJ CheilJedang's $1.7b animal feed assets

Sacks of Sprayfo calf milk replacer sit on pallets ahead of shipping at the young animal feed processing plant operated by Nutreco NV, in Deventer, Netherlands, on Tuesday, Dec. 9, 2014. Photographer: Jasper Juinen/Bloomberg

Aqua-feed supplier Nutreco NV is in advanced talks to buy the animal feed assets of South Korea’s CJ CheilJedang Corp. in a deal that could be worth about 2 trillion won ($1.7 billion), according to people with knowledge of the matter.

The sale, which the companies aim to reach an agreement this year, would include CJ’s feed mills in China and Southeast Asia, the people said, asking not to be identified because the information is confidential. Negotiations are ongoing and may not result in a deal, the people said.

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