New York, August 17, 2015 -- Moody's Investors Service stated that Cargill Inc.'s (A2 stable) announced $1.6 billion acquisition of EWOS Group (a wholly-owned subsidiary of Albain Midco Norway AS - B3, stable) is credit neutral as proceeds from the divestiture of the pork business should offset a large portion of the additional leverage. Additionally, this acquisition add a complementary product line for salmon feed to Cargill's aquaculture business, which has established global positions in shrimp and tilapia feed. This transaction is scheduled to close by year-end 2015, but the divestiture of the pork business will likely close in 2016.

Vollständigen Artikel bei Moodys lesen