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Corbion N.V. — M&A Activity 2018
Mar 29, 2018
3826_iss_2018-03-29_39f3ac2c-78b3-4230-baf1-95958049fe6f.pdf
M&A Activity
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Corbion nv Piet Heinkade 127 • 1019 GM Amsterdam PO Box 349 • 1000 AH Amsterdam The Netherlands
T +31 (0)20 590 6911 [email protected] www.corbion.com
PRESS RELEASE
DATE 29 March 2018
Corbion and Bunge sign interim-agreement regarding the acquisition of Bunge's stake in SB Renewable Oils joint venture
Corbion nv (Euronext Amsterdam: CRBN) ("Corbion") announces that it has signed with Bunge Limited (NYSE: BG) ("Bunge") a share purchase agreement regarding the potential acquisition by Corbion of Bunge's stake in the SB Renewable Oils joint venture.
Corbion and Bunge are 50.1%/49.9% partners in SB Renewable Oils, a joint venture that operates a facility in Brazil, specializing in the production of algae ingredients, such as Omega 3 rich oil, for aquaculture and animal feed.
The completion of the share purchase agreement is subject to certain conditions, including finalization of long-term supply agreements, and regulatory approval.
If and when the parties reach final agreement, we will inform the market accordingly.
PRESS RELEASE
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
For more information, please contact:
Analysts and investors: Jeroen van Harten, Director Investor Relations +31 (0)20 590 6293, +31(0)6 21 577 086
Press: Tanno Massar, Director Corporate Communications +31 (0)20 590 6325, +31 (0)6 11 589 121
Background information:
Corbion is the global market leader in lactic acid, lactic acid derivatives, and a leading company in emulsifiers, functional enzyme blends, minerals, vitamins and algae ingredients. We develop sustainable ingredient solutions to improve the quality of life for people today and for future generations. For over 100 years, we have been uncompromising in our commitment to safety, quality, innovation and performance. Drawing on our deep application and product knowledge, we work side-by-side with customers to make our cutting edge technologies work for them. Our solutions help differentiate products in markets such as food, home & personal care, animal nutrition, pharmaceuticals, medical devices, and bioplastics. In 2017, Corbion generated annual sales of € 891.7 million and had a workforce of 1,794 FTE. Corbion is listed on Euronext Amsterdam. For more information: www.corbion.com