Further portfolio restructuring at Nutreco is likely to release around €300 million ($385 million) in capital for further expansion in fish feed, where competition for assets is heating up. Nutreco’s growing importance of fish feed, to almost 60 percent of operating profit, will improve underlying growth and profitability for the group and distract investor’s attention from expected lackluster interim results on July 25.

Nutreco recently confirmed it is considering the strategic opportunities for the compound feed and meat activities in Spain and Portugal.