LONDON: Mars Petcare is to buy European animal hospital operator AniCura, its second such deal this month, as the world’s largest pet food maker expands its veterinary business amid a boom in pet-related spending.
Mars said yesterday it was buying the Swedish company from private investment firms Nordic Capital, Fidelio and other minority shareholders. The deal is worth �1bil (US$1.18bil) to �2bil (US$2.36bil), according to a source.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
