'A tasty morsel' - Berenberg sees Corbion as potential takeover target

Corbion NV

15/06/2026 11:18

** Berenberg raises Dutch food and biochemicals supplier Corbion CORB.AS to "buy" from "hold", as record-high fish oil prices and potential industry consolidation improve its outlook
** The broker says the El Nino weather pattern pushed Peruvian fish oil to record highs, which bodes well for the firm's competing algae-derived Omega-3 oil business
** Pointing to recent industry deals, the broker calls Corbion "a tasty morsel" that could serve as a "strategic asset" and potential acquisition target for larger rivals
** An acquisition becomes more likely if the firm divests its joint venture for making polylactic acid, leaving a simplified portfolio for prospective buyers, Berenberg adds
** The broker raises its price target by 22.4% to €24, noting higher algal oil prices and favourable exchange rates have significantly improved 2026 EPS estimates
** Of 8 analysts covering Corbion, five rate the stock "strong buy" or "buy" and ​three "hold" - LSEG data 

 (Reporting by Clement Martinot)
 ((Clement.Martinot@thomsonreuters.com;))