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Belgian Vitamex group reaches agreement with its joint venture partner DKSH to acquire the remaining stake in the Chinese joint ventures

As of today the Vitamex group has acquired the remaining 50% of the shares from DKSH in the three Chinese joint ventures.
12 June 2009
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Since 1997 the Vitamex group has been active on the Chinese market through a series of successful joint ventures with the Swiss DKSH group. Both parties have since been combining their mutual synergetic skills in order to create successful business in the People’s Republic of China. At this moment, three companies and four individual plants are operational in the PRC. Each company being a 50/50 joint venture.

DKSH wants to strengthen the focus on its core business, enabling and supporting companies in expanding their business in existing markets and launching into new ones. Therefore they have decided to divest their production activities.

As of today the Vitamex group has acquired the remaining 50% of the shares from DKSH in the three Chinese joint ventures. On the operational level, no changes will occur and the 3 companies will continue to deliver high-end feed products for livestock. Vitamex has far reaching plans and is fully committed to grow and expand the present foot print of its DKVE Animal Nutrition Companies in China.

http://www.vitamex.com

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