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With offer for remaining shares, Givaudan completes Naturex acquisition
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Tuesday, 11 September, 2018, 08 : 00 AM [IST]
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Zurich
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Givaudan, leader in creation of flavours and fragrances, has now completed Naturex acquisition. Naturex is known for plant extraction and development of natural ingredients and solutions for the food, health and beauty sectors.
Following the closure of the second tender offer period initiated by Givaudan for the remaining outstanding shares of Naturex, the Autorité des marchés financiers (AMF) has now published the results.
Givaudan now holds 9,436,645 of Naturex shares, representing 98.06% of the capital, based on the total number of shares as of September 5, 2018. In accordance with the initial tender offer, Givaudan confirms its intention to implement a squeeze-out procedure along with the delisting of Naturex shares from the Euronext Paris stock exchange.
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