Brief: Savencia Announces European Commission's Authorisation For CF&R Takeover
16/03/2020 09:32
March 16 (Reuters) - SAVENCIA SA SAVEN.PA :
* ANNOUNCES THE EUROPEAN COMMISSION'S AUTHORISATION FOR THE
TAKEOVER OF CF&R
* TRANSACTION WILL RESULT IN FULL CONSOLIDATION OF CF&R IN
SAVENCIA FROMAGE & DAIRY'S 2020 ACCOUNTS
* BASED ON 2019 FIGURES, SAVENCIA FROMAGE & DAIRY'S TURNOVER
WILL
INCREASE BY 437 MILLION EUROS
* TIMETABLE FOR THE COMPLETION OF THIS OPERATION IS BEING
DRAWN UP
* TIMETABLE WILL INCLUDE CONTINUATION OF THE INFORMATION
PROCEDURE
FOR CF&R EMPLOYEE REPRESENTATIVE BODIES
Source text for Eikon: ID:nGNE7NbnfV
Further company coverage: SAVEN.PA
(Gdansk Newsroom)
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