March 26, 2018 / 5:50 AM / in 5 months

Givaudan buys 522 mln euro Naturex stake and launches takeover offer

ZURICH, March 26 (Reuters) - Swiss fragrance and flavour maker Givaudan is buying a 40.6 percent stake in French natural ingredients group Naturex and plans to launch a mandatory cash tender offer for the remaining shares.

Givaudan signed an agreement to buy the stake for 522 million euros ($645.66 million), or 135 euros per share, it said on Monday, adding it intends to offer the same price for the remaining outstanding shares. ($1 = 0.8085 euros) (Reporting by)

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