SINGAPORE (June 25): A scion of Switzerland’s wealthy Zuellig family is seeking to sell Gold Coin, one of the biggest animal feed manufacturers in Asia, for about US$500 million ($681 million), people with knowledge of the matter said.

Peter Zuellig’s closely held holding company, Golden Springs Group, could find a buyer for the Singapore-based business this year, according to the people. Gold Coin is likely to attract interest from international feed producers, one of the people said, asking not to be identified as the process is private.

Rival animal feed producers PT Japfa Comfeed Indonesia and PT Charoen Pokphand Indonesia have each risen more than 20% in Jakarta trading this year. Agriculture-related deals have more than doubled in Southeast Asia in 2018 to hit US$1.1 billion, data compiled by Bloomberg show.

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