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GVDNY Givaudan SA (PK)

94.71
-2.28 (-2.35%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Givaudan SA (PK) USOTC:GVDNY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -2.28 -2.35% 94.71 92.96 96.32 94.91 94.37 94.37 13,724 21:14:33

Givaudan Buys 25% Stake in B.Kolormakeup & Skincare

01/07/2021 6:47am

Dow Jones News


Givaudan (PK) (USOTC:GVDNY)
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   By Kim Richters 
 

Givaudan SA said Thursday that it has acquired 25% of the shares in B.Kolormakeup & Skincare, without disclosing the terms of the deal.

The Swiss flavor-and-fragrance company funded the deal from existing resources.

"Under the terms of the agreement, Givaudan has the option but not the obligation to acquire a controlling stake in B.Kolor after a period of three years," it said.

Italian company B.Kolormakeup & Skincare is a contract manufacturer for makeup and skincare products and employs around 250 people.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

July 01, 2021 01:34 ET (05:34 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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