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Chemical Week Magazine :: Specialty Chemicals
Frutarom Boosts Etol Stake
5:49 AM MDT | April 6, 2012
Frutarom Industries (Herzelia, Israel) says it has completed the acquisition of an additional 34.2% stake in natural flavors company Etol (Skofja Vas, Slovenia). The acquisition raises Frutaromâ€™s stake in Etol to 97.6%. Frutarom acquired the initial 63.4% stake in Etol earlier this year â€śthrough transactions on and outside the Slovenian stock marketâ€ť for â‚¬22.3 million ($29.6 million), Frutarom says. Buying the additional stake increases Frutaromâ€™s overall investment in Etol shares to â‚¬34.6 million. Frutarom says it will in the next few weeks delist...
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