Chr. Hansen: Seen rising after sale of natural colors business

Chr Hansen Holding A/S

28/09/2020 07:59

** Shares in Chr. Hansen  CHRH.CO  seen rising 3-4% after
the Danish food ingredients maker agreed to sell its natural
colors unit to Swedish private equity firm EQT in a $930 million
cash deal  urn:newsml:reuters.com:*:nASN000DNI
    ** Says long term goals are unaffected, proceeds to reduce
leverage 
    ** Credit Suisse says the divestment is earnings dilutive,
estimates about 4% pro-forma 
    ** The brokerage adds the sale "improves the group's
strategic focus, it is both top-line and margin accretive and
reduces leverage"

 ((marta.frackowiak@thomsonreuters.com))