Numico says not interested in buy of Novartis' Clinical Nutrition unit

numico AMSTERDAM (AFX) - Royal Numico NV today said that it is not interested in a potential buy of the Clinical Nutrition unit of Novartis.

'We have no interest in that Novartis operation,' said a Numico spokesman. 'We are always on the lookout for means to grow our business, but Novartis Clinical Nutrition makes half of its turnover in the US, and half of that turnover in retail, in which we are not interested.'

The spokesman added that Numico is focusing on high-growth clinical nutrition operations in the European market.

'The margins at Novartis Clinical Nutrition do not show high growth,' said the spokesman.

Numico was reacting to an analyst note this morning which said that a potential buy of Novartis' Gerber baby food unit was unlikely, but that a buy of the Novartis Clinical Food unit could be a fit for Numico.

source - AFX