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[$$] ADM Bets on Growing Animal-Nutrition Market as It Targets Neovia

Co. has entered exclusive talks to buy France-based animal-feed provider Neovia, as part of the agribusiness giant’s latest efforts to bulk up its nutrition business. The Chicago agribusiness giant said Monday it is working to buy Neovia, which has 72 production facilities and operates in 25 countries, for about €1.54 billion ($1.8 billion) including debt. French agricultural cooperative InVivo is majority owner of Neovia.