Neovia, in which the agricultural cooperative InVivo currently has a majority holding, employs around 8 200 people. Its sales last year came to 1.7 bn euros, 75 per cent of which was accounted for by western Europe. The company would thus be a perfect European counterpart for ADM, which does most of its business in North America.
If the deal should go through, a new joint company would be created that would operate under the name ADM-Neovia and would have a sales volume of 3.5 bn dollars.
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