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Provimi acquires Rusteco Protein in Bulgaria

Provimi (listed on the Euronext Premier Marché in Paris), one of the global leaders in the animal nutrition business, today announces that it acquired the company Rusteco Protein in the North-East of Bulgaria.

With this acquisition, Provimi extends its presence on the Bulgarian market, which fits in very well with its strategy of expanding in Central and Eastern Europe, a growing market.

Rusteco Protein produces complete feed and is located at the heart of the grain area of Bulgaria. The company will employ 25 people and has an annual production capacity of 43,000 tonnes. After the take-over the name Rusteco Protein will be changed into Provimi Dobrich JSC.

Provimi already has several companies in Bulgaria, with a total of 183 staff and 5 plants. The plants are strategically spread over the country and are producing complete feed and concentrates for all kinds of animal species.

Provimi also holds a 25% stake in Provimi Zara in Bulgaria. In Complete Feed Equivalents, Provimi is market leader in Bulgaria. Provimi views Bulgaria as a strategic base from which to expand business in other parts of the region.

Provimi’s sales in Bulgaria amounted to 16.9 million in 2003.

Paris/Rotterdam, 8 june, 2004

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