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DSM-Firmenich AG sold the majority of its stake in Robertet
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Wednesday, 20 November, 2024, 08 : 00 AM [IST]
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Kaiseraugst, Switzerland & Maastricht, The Netherlands
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dsm-firmenich, which currently owns c. 0.39 million ordinary shares and c. 0.12 million investment certificates in Robertet (combined representing c. 21.8% of its share capital), announces that it has successfully sold 0.135 million ordinary shares, upsized from c. 0.12 million initially, in response to the strong demand collected. The offering was made at a price of €850 per share, for a total gross amount of c. €115 million, representing c. 6% of its share capital.
Alongside the Offering, it has sold through block sales (i) c. 0.23 million ordinary shares, representing c. 10% of its share capital in equal proportions to the Fonds Stratégique de Participations and Peugeot Invest and (ii) all its c. 0.12 million investment certificates, representing c. 5% of its share capital, to the Fonds Stratégique de Participations and Peugeot Invest (51,000 investment certificates each) and to the Maubert family (15,007 investment certificates).
Following the above transactions, it retains a direct stake of c. 1% of the share capital, which will be subject to a 60-day lockup undertaking as from the settlement, subject to certain customary exceptions.
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