January 16, 2018 / 8:48 AM / a month ago

BRIEF-S H Kelkar And Co To Acquire Creative Flavours & Fragrances S.p.A.

Jan 16 (Reuters) - S H Kelkar And Company Ltd:

* SAYS ENTERED AGREEMENT TO ACQUIRE CREATIVE FLAVOURS AND FRAGRANCES S.P.A.

* SAYS AS PER DEAL, CO TO ACQUIRE 51 PERCENT STAKE OF CREATIVE FLAVOURS AND FRAGRANCES UPFRONT FOR ABOUT EUR 12 MILLION

* SAYS REMAINING STAKE TO BE ACQUIRED WITHIN 3 YEARS

* SAYS PROPOSES TO FUND ENTIRE INVESTMENT THROUGH INTERNAL ACCRUALS Source text - bit.ly/2mHtKUC Further company coverage:

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