Brief: Tessenderlo Says PB Leiner Establishes JVs In China, Brazil

Tessenderlo NV

24/11/2022 16:43

Nov 24 (Reuters) - TESSENDERLO GROUP  TESB.BR :
    * PB LEINER ESTABLISHES JOINT VENTURES IN P.R. CHINA AND
BRAZIL
    * UNDER TERMS OF AGREEMENT, JOINT VENTURE WILL PRODUCE
MARINE
COLLAGEN PEPTIDES BASED ON PB LEINER'S TECHNOLOGY WITH EFFECT
FROM THE FOURTH QUARTER OF 2022
    * JOINT VENTURE IS SUBJECT TO THE FULFILMENT OF A NUMBER OF
CUSTOMARY CONDITIONS PRECEDENT, SUCH AS RECEIVING THE APPROVAL
OF THE BRAZILIAN ANTITRUST AUTHORITIES
    * BOTH TRANSACTIONS WILL HAVE NO MATERIAL IMPACT ON THE
RESULTS OF
TESSENDERLO GROUP

Further company coverage:  TESB.BR 
 (Gdansk Newsroom)
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