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People & Business :: M&A

DSM to acquire minority stake in Chinese firm Andre Pectin

7:10 AM MDT | May 7, 2013 | Deepti Ramesh

DSM says that it has signed agreements to acquire a 19% equity interest in Yantai Andre Pectin (Yantai, China), a producer of texturing ingredients. Financial terms of the deal have not been disclosed. The transaction is expected to close in the third quarter. The two companies have also agreed that DSM has option rights to increase its stake in Andre Pectin to a majority stake at a later stage.     Andre Pectin was established in 2003 and manufactures and sells apple and citrus pectin, a key food ingredient providing texture; as well as...

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