Brief: Corbion And Kingswood Capital Management Announce Agreement In Divestiture Of Emulsifiers Business

Corbion NV

26/01/2024 06:20

Jan 26 (Reuters) - Corbion NV  CORB.AS :
    * CORBION AND KINGSWOOD CAPITAL MANAGEMENT ANNOUNCE
AGREEMENT IN
DIVESTITURE OF EMULSIFIERS BUSINESS
    * WITH KINGSWOOD CAPITAL MANAGEMENT HAVE SIGNED A BINDING
AGREEMENT REGARDING THE SALE OF CORBION'S EMULSIFIERS BUSINESS
    * KINGSWOOD WILL ACQUIRE EMULSIFIER BUSINESS FROM CORBION
FOR A
CASH PURCHASE PRICE OF $362M
    * EXPECTED NET CASH PROCEEDS OF APPROXIMATELY $275M, POST
TAX AND
TRANSACTION COSTS
    * TRANSACTION IS EXPECTED TO CLOSE IN THE SECOND QUARTER OF
THIS
YEAR

Source text for Eikon:  ID:nGNE63jcgp 
Further company coverage:  CORB.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))