July 8, 2011

Bluestar Adisseo seeks to re-launch Hong Kong IPO

Bluestar Adisseo Nutrition Group will re-launch its Hong Kong initial public offering in September, according to sources familiar with the situation. 

The IPO is planned to reach US$1.5 billion.

The company had shelved the IPO plan in November. BOC International, CCB International, Citigroup , Deutsche Bank (DBKGn.DE), Goldman Sachs and Morgan Stanley will manage the offer, said IFR, a Thomson Reuters unit.

Apart from investments in its French facilities, Adisseo is also in the planning stage for a new methionine production plant in China.