Symrise €400m block trade lands M&A funds

By Nina Flitman
15 May 2014

Trade buyer Symrise has raised €400m to finance its takeover of French food firm Diana Ingredients through a block trade of new shares.

The accelerated bookbuild saw the placement of around 11.15m new shares, in the first piece of financing to fund the acquisition from Diana’s owner Ardian. At the time the acquisition was announced before Easter, the issuer revealed that it was considering financing it with a 10% capital increase. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial