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Germany's Symrise says it has made offer to buy Diana Group
April 12, 2014 / 7:21 PM / 3 years ago

Germany's Symrise says it has made offer to buy Diana Group

FRANKFURT, April 12 (Reuters) - Germany’s Symrise said on Saturday it had submitted a binding offer for all shares in France’s Kerisper S.A.S., the holding entity of the food ingredient maker Diana Group.

A statement by Symrise said it planned to invest nearly 1.3 billion euros ($1.81 billion) in the deal and had already secured the required bridge financing.

It said it expected to close the deal in the third quarter of this year. ($1 = 0.7201 Euros) (Reporting by Marilyn Gerlach; Editing by Kevin Liffey)

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