Brief: Groupe Berkem Buys Givaudan's Industrial Site In Valencia
06/02/2024 07:09
Feb 6 (Reuters) - Groupe Berkem SA ALKEM.PA :
* ACQUISITION BY GROUPE BERKEM OF GIVAUDAN'S INDUSTRIAL SITE
IN
VALENCIA (SPAIN)
* POSTPONEMENT OF GROUPE BERKEM'S 2025 PROFIT TARGETS TO
2027, IN
VIEW OF INVESTMENTS PLANNED TO ENSURE RAMP-UP OF INDUSTRIAL
FACILITIES
* PROFIT TARGETS ANNOUNCED BY GROUP AND REVISED ON OCTOBER
13,
2023, ARE NO LONGER VALID
* SIGNATURE OF A DEFINITIVE AGREEMENT CONCERNING ACQUISITION
OF
NATUREX IBERIAN PARTNERS (GIVAUDAN'S INDUSTRIAL SITE IN
VALENCIA, SPAIN), WHICH SHOULD BE EFFECTIVE ON MAY 31, 2024
* ACQUISITION WILL BE 100% FUNDED BY EXTERNAL GROWTH CREDIT
LINE
CONTRACTED BY GROUPE BERKEM ON JULY 26, 2022, AND WILL BE LED BY
BERKEM DÉVELOPPEMENT (A 100% OWNED SUBSIDIARY OF GROUPE BERKEM)
* TRANSFER OF OWNERSHIP OF SHARES SHOULD BE COMPLETED ON MAY
31,
2024
Source text for Eikon: ID:nBw4GKBWRa
Further company coverage: ALKEM.PA
(Gdansk Newsroom)
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