Brief: Sonae's Unit Sparkfood Acquires 89.1% Stake In Diorren

Sonae SGPS SA

17/04/2024 06:11

April 17 (Reuters) - Sonae SGPS SA  YSO.LS :
    * SAID ON TUESDAY ITS SUBSIDIARY SPARKFOOD HAD CONCLUDED
ACQUISITION OF 89.1% STAKE IN DIORREN SAS, HOLDING COMPANY OF
BCF LIFE SCIENCES (BCF)
    * ACQUISITION FOR TOTAL CONSIDERATION OF 160.5 MLN EUROS
    * BCF TO CONTINUE TO BE MANAGED BY ITS CURRENT MANAGEMENT
TEAM
    * BCF'S CURRENT MANAGEMENT TEAM HAS REINVESTED IN COMPANY
19.7 MLN
EUROS, AND IN AGGREGATE, HOLDS MINORITY STAKE OF 10.9%

    
 Source text: https://tinyurl.com/2bfaxf59 ,  urn:newsml:reuters.com:*:nFWN3EP043
 Further company coverage:  YSO.LS  

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