Edition:
United Kingdom

Corbion To Acquire Granotec do Brazil


Monday, 25 Mar 2019 

March 25 (Reuters) - CORBION NV ::CORBION TO ACQUIRE GRANOTEC DO BRAZIL TO DRIVE FURTHER EXPANSION IN FOOD INGREDIENTS IN LATIN AMERICA.CASH PURCHASE PRICE FOR ALL SHARES OF GRANOTEC DO BRAZIL IS USD 45 MILLION.COMPLETION OF TRANSACTION IS STILL SUBJECT TO CUSTOMARY APPROVALS, WHICH ARE EXPECTED IN FIRST HALF OF 2019.ACQUISITION WILL BE FINANCED FROM EXISTING CORBION DEBT FACILITIES. 

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