M&A Activity • Dec 17, 2009
M&A Activity
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December 17th 2009
Public limited company with Board of Directors, with a capital of 204 225 819.25 Euros. Head Office: 4, Quai de la Mégisserie – F-75001 PARIS Registration 377 913 728 Paris Fiscal year from July 1st to June 30th
Through its subsidiary HM.Clause, Vilmorin has just purchased a majority stake of 51% in the Turkish company Su Tarim.
Su Tarim, one of Clause's historic partners, is based in Antalya and has an excellent commercial and technical network covering all the vegetable production areas in Turkey. The company has invested in recent research facilities and breeding programs suited to the local market, particularly in tomato, pepper and cucumber, and will therefore strengthen the presence of HM.Clause on a strategic market, and on which Vilmorin is a leading player. With the agreement of the other shareholders of Su Tarim, Vilmorin has a contractual option
to increase its stake in the medium term and acquire all the remaining stock.
Adrian HUIGE, Vilmorin's CEO declared, "this new acquisition embodies Vilmorin's main orientations to deploy its strategy on the market for vegetable seeds: to develop our competitive position on key crops and in regions with high growth, one way being through targeted acquisitions. From its involvement in research right through to the distribution of seeds, Su Tarim will enable us to strengthen significantly and sustainably our influence in a country among the three main vegetable markets in Europe"
Listed on NYSE Euronext Paris (compartment B), Vilmorin's quotation is included in the Next 150, CAC Mid 100 and SBF 120 indices, and is eligible for SRD (Deferred Settlement Order). ISIN code: FR0000052516 (RIN).
For any further information, please contact:
Daniel JACQUEMOND Claire PLANCHE Chief Financial Officer Financial Communication Officer [email protected] [email protected]
Vilmorin & Cie BP 1 – F-63720 CHAPPES Tel: + 33 (0)4 73 63 41 95 - Fax: + 33 (0)4 73 63 41 80 www.vilmorin.info
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