INVIVO AGREES SOUFFLET TAKEOVER IN FRENCH FARMING MEGA-DEAL
PARIS, May 3 (Reuters) – Cooperative group InVivo has agreed to acquire family-owned Soufflet in a deal potentially worth 2.3 billion euros ($2.76 billion), as the French rivals look to create of one of Europe’s biggest agricultural businesses.
The deal, which follows exclusive negotiations that began in January, will give rise to a group with some 10 billion euros in sales with activities from grain trading to wine distribution.
The takeover could be completed by the end of 2021, subject to regulatory clearance, InVivo and Soufflet said in a joint statement on Monday.
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