In January and February, Frutarom acquired 63.4% of the Slovenian company’s share capital through transactions made on and outside the Slovenian stock market, in return for an overall amount of approximately €22.3m.
Following the current acquisition of 34.2% of the company’s equity through this takeover bid, Frutarom will now hold 97.6% of Etol’s shares. The total amount paid for the acquisition of 97.6% of the shares was €34.6m.
Source: Frutarom
© FoodBev Media Ltd 2023
