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BREAKING NEWS

Givaudan to buy French fragrance company Expressions Parfumées​

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Givaudan to buy French fragrance company Expressions Parfumées​

Givaudan to buy French fragrance company Expressions Parfumées​
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ZURICH (Reuters) – Givaudan <GIVN.S> has entered into exclusive negotiations to buy French fragrance developer Expressions Parfumees for an undisclosed sum​, the Swiss company said on Monday.

Expressions Parfumees’ business would have represented approximately 56.6 million euros ($66.57 million) of extra sales to Givaudan’s results in 2016 on a proforma basis, Geneva-based Givaudan said.

Givaudan said it plans to fund the transaction from existing resources and expects to complete the deal in the first half of 2018.

(Reporting by John Revill; Editing by Biju Dwarakanath)

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