EUROPE NUTRITION Co, Ltd. produces animal feed. The company was founded in 2000 and is based in Di An, Vietnam.
As part of the Aboitiz Group’s further push into the Vietnamese market and expansion of its feeds business, Pilmico International Pte. Ltd. (Pilmico International), a wholly-owned subsidiary of Aboitiz Equity Ventures, Inc. (AEV), recently acquired 70% of the outstanding shares of Vietnam-based animal feeds company Europe Nutrition Joint Stock Company (Eurofeed). The transaction price amounts to USD 3.2M, based on 70% of equity value.
To formalize the partnership, an official turnover ceremony was held on 27 September at the Majestic Hotel in Ho Chi Minh City, where the management teams of Eurofeed and Aboitiz food business unit Pilmico Foods Corporation and Pilmico International were present, together with key business partners.
Among the attendees were Sabin M. Aboitiz, Pilmico President and Chief Executive Officer; Le Binh Hung, Eurofeed Director; and Nguyen Xuan Duong, Deputy General Director of the Department of Livestock Production, among others.