July 3, 2017 / 6:08 AM / 19 days ago

BRIEF-France's Eurazeo buys majority stake in Spanish fragrances firm Iberchem

1 Min Read

PARIS, July 3 (Reuters) - Eurazeo:

* Eurazeo announces the acquisition of Iberchem, a global producer of fragrances and flavors

* Eurazeo says deal worth enterprise value of 405 mln euros

* Eurazeo will invest around 270 million euros to become the majority shareholder, with a stake of around 70 pct, alongside the existing management team (Reporting by Sudip Kar-Gupta)

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