Iberchem acquisition and placing of shares
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Croda International Plc, the speciality chemical company that uses smart science to create high performance ingredients and technologies that improve lives, today announces that it has agreed to acquire the entire issued share capital of Fragrance Spanish Topco, S.L., trading as Iberchem, a leading global fragrances and flavours company, for a total consideration of €820m (c.£736m) on a debt-free, cash-free basis. The consideration will be funded via a combination of the Group’s existing debt facilities and the proceeds of an equity placing.
Collateral for Iberchem Acquisition and placing of shares , November 2020:
A replay of the call that took place on Wednesday 18 November at 8am is available on demand at:
+44 (0) 333 300 0819 PIN: 301334370#