November 30, 2017 / 7:40 AM / in 3 months

BRIEF-Private equity firm Ardian to buy controlling stake in French firm DRT

Nov 30 (Reuters) - Ardian/DRT/Tikehau Capital:

* Private equity firm Ardian has agreed to buy a controlling stake in French firm DRT

* Transaction values DRT at around 1 billion euros ($1.2 billion)

* DRT is a leading producer of ingredients derived from plant-based chemistry, mainly from pine trees

* Tikehau Capital would recognize a capital gain estimated at c. €153m for the sale of its entire stake in DRT

* DRT had 2017 turnover estimated at 500 mln euros

$1 = 0.8422 euros

0 : 0
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