Givaudan: acquires 40.5% of France's Naturex
(CercleFinance.com) - Givaudan has acquired 40.
5% of French natural speciality ingredients Naturex, the Swiss fragrance and flavor maker said on Tuesday.
As announced in March, the shares were bought at 135 euros per share.
Givaudan now plans to file a mandatory cash tender offer with French market regulators for all remaining outstanding shares of Naturex, at the same price of 135 euros per share.
Naturex's ingredients include colours, antioxidants, speciality fruits and vegetables, phytoactives, that are used for the food, health and cosmetics industries.
Givaudan also said on Monday that it has completed the acquisition of France's Expressions Parfumées, a fragrance creation house founded in Grasse in 1982. Terms of the deal were not disclosed.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% of French natural speciality ingredients Naturex, the Swiss fragrance and flavor maker said on Tuesday.
As announced in March, the shares were bought at 135 euros per share.
Givaudan now plans to file a mandatory cash tender offer with French market regulators for all remaining outstanding shares of Naturex, at the same price of 135 euros per share.
Naturex's ingredients include colours, antioxidants, speciality fruits and vegetables, phytoactives, that are used for the food, health and cosmetics industries.
Givaudan also said on Monday that it has completed the acquisition of France's Expressions Parfumées, a fragrance creation house founded in Grasse in 1982. Terms of the deal were not disclosed.
Copyright (c) 2018 CercleFinance.com. All rights reserved.