VILMORIN:
VILMORIN CIE: SUCCESSFUL COMPLETION OF L’IMAD’S INVESTMENT IN LIMAGRAIN VEGETABLE SEEDS
L’IMAD HAS ACQUIRED A 35% STAKE IN LVS, WHILE VILMORIN & CIE RETAINS THE REMAINING 65% INTEREST.
The transaction has received all necessary regulatory approvals in the relevant jurisdictions and was completed in accordance with the agreed terms.
L’IMAD is a sovereign investment platform of the government of Abu Dhabi.
Limagrain Vegetable Seeds has revenues of €839 million ($956.5 million).
($1 = 0.8771 euros)