French private equity firm Ardian said on Monday it had sold food ingredient maker Diana to Germany’s Symrise in a deal valuing the business at around 1.3 billion euros ($1.81 billion).
Symrise, the world’s fourth largest scents and flavours company, said on Saturday it had made a binding offer to acquire Diana in a move that expands its activities into the pet food market. ($1 = 0.7201 Euros)
(Reporting by Natalie Huet; Editing by Andrew Callus)
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