Kerry Group PLC Kerry Increases its Stake in Proparent B.V. (0863C)
07 Octubre 2022 - 1:00AM
UK Regulatory
TIDMKYGA
RNS Number : 0863C
Kerry Group PLC
07 October 2022
7 October 2022
LEI: 635400TLVVBNXLFHWC59
KERRY GROUP
Kerry Increases its Stake in Proparent B.V. (Owner of Ojah
B.V.)
Kerry Group plc ("Kerry"), the global taste & nutrition
company, today announces that it has reached agreement to increase
its joint venture stake in Proparent B.V. ("Proparent"), which is
the 100% owner of Ojah B.V. ("Ojah") - the Dutch manufacturer of
texturised plant-based proteins. Having initially purchased a 55%
stake in 2018, Kerry will increase its holding to 75% for an
incremental consideration of EUR20m in line with terms agreed at
the time of the initial investment. Thomas Ahlinder, President
& CEO Kerry Europe commented "The partnership with Ojah has
delivered excellent growth thanks to its high-quality offering.
Kerry has unique expertise in addressing the multitude of
complexities in delivering taste, nutrition, and functionality
combined with sustainable plant protein substrates, thereby
supporting our customers in providing differentiated solutions that
address the needs of a dynamic consumer base".
Acquisitions are an important part of Kerry's strategy. In order
to give further insight and context for its acquisitions, Kerry is
providing additional information in relation to the acquisitions
that it completes including, stating for each acquisition whether
equity or assets were acquired and the strategic rationale for the
acquisition. Included also is the percentage of voting equity
acquired in the case of an equity acquisition, and the business
unit/line acquired in the case of an asset acquisition. A table
setting out this information in relation to the acquisitions made
by Kerry in the period 2011 to 2022 year to date is available on
Kerry's website under the financial highlights section on
kerry.com/investors.
ENDS
CONTACT INFORMATION
=============================================
Investor Relations
Marguerite Larkin , Chief Financial
Officer
+353 66 7182292 | investorrelations@kerry.ie
William Lynch , Head of Investor
Relations
+353 66 7182292 | investorrelations@kerry.ie
Media
Catherine Keogh , Chief Corporate
Affairs & Brand Officer
+353 45 930188 | corpaffairs@kerry.com
Website
www.kerry.com
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END
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