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Eurazeo: completes sale of stake in Iberchem

(CercleFinance.com) - Eurazeo Capital has announced that it has completed the sale of the entire share capital of Iberchem, in which it has been a shareholder since July 2017.
It has sold this stake to Croda International, in a transaction that was announced last week.

"Over the last three years, Iberchem has significantly reinforced its position as a leading global producer of fragrances and flavours focusing on local and regional brands in high-growth international markets," the company notes.

The proceeds from the sale represent 564 million euros for Eurazeo and its partners, of which Eurazeo's share amounts to 383 million euros. This crystallises a value that is over 30% above the NAV at 30 June 2020 (i.e. about 1.25 euro per Eurazeo share).


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