Brief: Corbion Sells Emulsifier Business To Kingswood Capital Management

Corbion NV

02/04/2024 06:12

April 2 (Reuters) - Corbion NV  CORB.AS :
    * CORBION AND KINGSWOOD CAPITAL MANAGEMENT ANNOUNCE
COMPLETION OF
DIVESTITURE OF EMULSIFIER BUSINESS
    * KINGSWOOD ACQUIRED EMULSIFIER BUSINESS FROM CORBION FOR
CASH
PURCHASE PRICE OF $362M
    * EXPECTED NET CASH PROCEEDS OF APPROXIMATELY $275M, POST
TAX AND
TRANSACTION COSTS
    * TRANSACTION COMPRISES, AMONGST OTHER CONVEYING ASSETS, TWO
US-BASED MANUFACTURING PLANTS AND C.175 EMPLOYEES

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE4YJlLf
Further company coverage:  CORB.AS 

 (Gdansk Newsroom)
 ((gdansknewsroom@thomsonreuters.com; + 48 58 7785110;))