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Provider: Reuters Investment Profile
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Vilmorin & Cie SA Announces EUR 130 Million Private Placement and Full Takeover of Bisco Bio Sciences


Thursday, 14 Mar 2013 12:41pm EDT 

Vilmorin & Cie SA announced that it has completed an inaugural private placement of the "Schuldschein" type, for a total of EUR 130 million. This placement comprises maturities at five, seven and 10 years, combining fixed and variable rates. The Company also announced that it has acquired the remaining 39% of the capital stock of Bisco Bio Sciences of India from its historical family shareholders. This transaction thus means that Vilmorin has taken full control of the company. Financial terms of the transaction were not disclosed. 

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