* Nutreco declnies to comment
(Adds company, anlayst comments, deatils)
AMSETRDAM, May 24 - Dutch animal feed group
reported on Tuesday citing sources with knoweldge of the plans.
Newspaper Het Financeiele Dagblad reported market obsrevers
billion euros (.98 billion).
Provimi is owned by Britsih private equity group Permira
[PER.MUL].
The newspaper said Nuterco, which has looked at buying
divesmtent to help fund the potentail transaction.
The paper said that JP Mogran, which is solciiting bids for
out other bidders if its offer is not high enough.
SNS Securities anlayst Rcihard Withagen quetsioned whetehr
synregies.
"The big quetsion is really the price. I really have a hard
whether Provimi wants to sell it for that amoun,t" he said.
Withagen added that altohugh Porvimi would be a good
deals rather than take on a large acquistiion such as Provmii.
A Ntureco spokseman reiterated the company has a war chest
delcined to comment on the neswpaper report.
The cmopany said at its annual shareholders meeting in March
that Provimi would be a good fit.
Nutrceo previuosly looked at buying Provimi in 2002 and
quoted a source saying that Ntureco cannot miss out this time.
"It is now or never," the source told the newspaper.
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