Brief: S H Kelkar And Co To Acquire Creative Flavours & Fragrances S.p.A.

S H Kelkar And

16/01/2018 08:43

Jan 16 (Reuters) - S H Kelkar And Company Ltd  SHKE.NS : 
    * SAYS ENTERED AGREEMENT TO ACQUIRE CREATIVE FLAVOURS AND 
FRAGRANCES S.P.A. 
    * SAYS AS PER DEAL, CO TO ACQUIRE 51 PERCENT STAKE OF 
CREATIVE 
FLAVOURS AND FRAGRANCES UPFRONT FOR ABOUT EUR 12 MILLION 
    * SAYS REMAINING STAKE TO BE ACQUIRED WITHIN 3 YEARS 
    * SAYS PROPOSES TO FUND ENTIRE INVESTMENT THROUGH INTERNAL 
ACCRUALS 
 
Source text - http://bit.ly/2mHtKUC 
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