Corbion N.V. : Emulsifiers to be sold for € 253m net; financial leverage to drop below 2.0x
>Disposal of emulsifiers at a price significantly ahead of our low-end forecast - Last Friday (26 January), Corbion announced the planned disposal of its non-core emulsifiers business for net cash proceeds of $ 275m to Kingswood Capital Management. This translates to some € 253m, which is well ahead of the low-end of our estimated range of € 177m. The transaction includes two US-based manufacturing plants and c.175 employees and is expected to close in Q2 2024, subjec...Corbion is an internationally operating company engaged in the development, production, sale and distribution of bakery supplies and food ingredients. Co. is engaged in the Bakery Supplies and Lactic Acid business. Co.'s operations are divided into two segments: Bakery operations and Lactic acid operations. Co.'s Bakery operations comprise the development, production and sale of bakery ingredients and products. Co.'s Lactic acid operations involve the production of lactic acid and lactic acid derivatives which are used in food, pharmaceutical and technical products. Co. operates mostly in Europe and North America. Co.'s brands are Waldkorn, Kate's cakes, Purac, Carel, MeisterMarken.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.