date:May 10, 2012
Frutarom now plans to acquire Etol's remaining shares from the rest of the shareholders. Frutarom holds 98% of Etol shares, and upon acquisition of the remaining shares, will hold all of Etol's share capital. The total acquisition price will be approximately. 35.5m.
In March, Frutarom completed the acquisition of Etol, increasing its total stake in the flavors company by 34.2% to 97.6% for 141 per share.
Etol, which has a manufacturing and marketing site in Sofia Vas, Slovenia, develops natura