Cargill has made a binding offer to acquire animal nutrition company Provimi for €1.5 billion (US$2.17 billion), and Provimi has agreed to begin the necessary approvals process. 

The acquisition, according to Cargill, would expand the company's existing operations and make it a global leader in animal nutrition. "This acquisition would mark a significant step in Cargill's animal nutrition growth strategy and underlines our commitment to continued long-term investment to meet the needs of our customers around the world," said Paul Conway, Cargill's vice chairman. 

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Cargill was among several companies in June that expressed interest in taking over Provimi.