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Lesaffre weighs possible bid for Dutch ingredients group Corbion
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Bloomberg reports that French yeast producer Lesaffre is exploring financing for a possible takeover of Dutch-listed Corbion, though no decision has been made.
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French yeast producer Lesaffre is considering a bid for Dutch ingredients company Corbion, Bloomberg reports, citing people familiar with the matter. No decision has been made, and the companies declined to comment to the news agency. [1]
Lesaffre, a privately held company, is discussing financing options for a possible takeover of Amsterdam-listed Corbion, according to Bloomberg’s report, carried by ANP. Corbion shares have risen by about 30 per cent this year.
Corbion makes ingredients including antioxidants, fermentation and preservation products, and flavourings for the food and pharmaceutical industries. It employs more than 2,400 people. Lesaffre, founded in 1853, specialises in fermentation for baking and biotechnology and has about 11,700 employees. [1]
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