Brief: Metabolic Explorer Announces Exclusive Negotiations With Ajinomoto To Acquire Europe's Largest Site Producing Amino Acids By Fermentation
26/02/2021 10:12
Feb 26 (Reuters) - METABOLIC EXPLORER SA METEX.PA :
* EXCLUSIVE NEGOTIATIONS UNDER WAY WITH AJINOMOTO TO ACQUIRE
EUROPE'S LARGEST SITE PRODUCING AMINO ACIDS BY FERMENTATION
* ENTERED, THROUGH PUT OPTION AGREEMENT, INTO EXCLUSIVE
NEGOTIATIONS WITH AJINOMOTO CO., INC. WITH VIEW TO ACQUIRING ITS
SUBSIDIARY AJINOMOTO ANIMAL NUTRITION EUROPE (AANE)
* PROJECTIONS FOR THE 2020/2021 FISCAL YEAR1 PUT AANE
TURNOVER AT
MORE THAN €200M WITH A POSITIVE EBITDA
* PROPOSED TRANSACTION RECEIVED A FAVOURABLE OPINION FROM
METEX
WORK COUNCIL, IT IS DUE TO BE FINALISED IN COMING WEEKS
* TRANSACTION DUE TO BE FINALISED IN THE COMING WEEKS
Source text for Eikon: ID:nACT68054
Further company coverage: METEX.PA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))