Swiss perfume group Firmenich buys 17% stake in French firm Robertet
26/09/2019 07:15
PARIS, Sept 26 (Reuters) - Swiss perfumes company Firmenich
has agreed to buy a 17% equity stake in French peer Robertet
ROBF.PA and added on Thursday it may later acquire a bigger,
controlling stake in the firm.
Firmenich, which says it is the world's largest
privately-owned perfume and taste company, said in an email it
had reached a deal with First Eagle Investment Management to buy
the 17% stake at a price of 683.30 euros per share.
The price represents a premium of 1.2% to Robertet's closing
price of 675 euros on Sept. 25. Robertet has a market
capitalisation of about 1.6 billion euros ($1.8 billion).
($1=0.9130 euros)
(Reporting by Sudip Kar-Gupta; Editing by Clarence Fernandez)
((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))