M&A Activity • May 27, 2010
M&A Activity
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PRESS RELEASE Rotterdam, 27 May 2010
On 27 May 2010, the Annual General Meeting (AGM) of Amsterdam Commodities NV (Acomo) has approved the acquisition of the Van Rees Group and the Red River Group that was announced earlier this month. The acquisition consideration of the tea and seeds business of N.V. Deli Maatschappij (Deli) totals € 100 million.
The shareholders have approved all of the proposals in connection with the acquisition by Acomo, including the issue of 1.5 million new shares and the issue of a convertible bond totaling € 40 million and being an integral part of the transaction financing.
By means of this transaction, Acomo is acquiring a leading position in the worldwide tea and seeds trade and as a result will double in size. Acomo anticipates the acquisition will close on or prior to 30 June 2010 (or as promptly as practicable following approval of the acquisition by Federal Trade Commission).
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| For further information please contact: |
Amsterdam Commodities N.V. (Acomo) Mr S.G.J. Holvoet WTC, Beursplein 37, 8th floor Rotterdam
Phone +31 10 4051195 Fax +31 10 4055094
www.acomo.net
Creative Venue public relations Mr F. Witte, spokesman Vliegtuigstraat 26 1059 CL Amsterdam
Mobile. +31 653736170 Phone +31 20 4525225 Fax +31 20 4528650
www.creativevenue.nl
(see press room)
Amsterdam Commodities N.V. (Acomo) is an international group in the trade and distribution of agricultural commodities, mainly spices (Catz International, 100%), natural ingredients for the food industry (TEFCO EuroIngredients and Snick EuroIngredients, both 100%) and natural rubber (RCMA Commodities Asia, 43%) and is actively buying and selling in more than 90 countries. The shares of Acomo are listed on NYSE Euronext Amsterdam since 1908.
www.acomo.net
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