Shares of Camlin Fine Sciences Ltd. were trading with gains of 8% on Wednesday, June 12. The company's wholly owned subsidiary Dresen Quimica has entered into a share purchase agreement (SPA) to acquire 100% stake in Vitafor Invest NV, Belgium and its units. The cost of acquisition is €1.
The subsidiaries include Addi-Tech NV (100%); Vitafor NV (100%); Vitafor China Ltd. (100%); Europe Bio Engineering BV (100%), and Vial Sàrl (45%).
This will be subject to the terms and conditions of the SPA executed between them, the company said in a regulatory filing on Wednesday, June 12.
During the calendar year 2023 i.e. from January 2023 to December 2023), Vitafor generated a turnover of €16.55 million with a loss of €1.18 million. For the aforesaid year, the net worth of Vitafor was approximately € 6.78 million.
Consolidated debt of the Vitafor Group stood at € 6.5 million approximately.
The Group will use the facility of Vitafor and Vitafor’s network to augment and grow in the European feed and pet food market and also in the African market. The product basket of Vitafor will be aligned with the company's group and marketing of the basket products.
At 11:13 am, the scrip was trading 5.53% higher at ₹109.82 apiece on the NSE. Despite the mentioned gain, the stock has slipped 18% on a year-to-date (YTD) basis.
The subsidiaries include Addi-Tech NV (100%); Vitafor NV (100%); Vitafor China Ltd. (100%); Europe Bio Engineering BV (100%), and Vial Sàrl (45%).
This will be subject to the terms and conditions of the SPA executed between them, the company said in a regulatory filing on Wednesday, June 12.
Vitafor manufactures and trades in products catering to the animal feed industry.
During the calendar year 2023 i.e. from January 2023 to December 2023), Vitafor generated a turnover of €16.55 million with a loss of €1.18 million. For the aforesaid year, the net worth of Vitafor was approximately € 6.78 million.
Consolidated debt of the Vitafor Group stood at € 6.5 million approximately.
The Group will use the facility of Vitafor and Vitafor’s network to augment and grow in the European feed and pet food market and also in the African market. The product basket of Vitafor will be aligned with the company's group and marketing of the basket products.
At 11:13 am, the scrip was trading 5.53% higher at ₹109.82 apiece on the NSE. Despite the mentioned gain, the stock has slipped 18% on a year-to-date (YTD) basis.
First Published: Jun 12, 2024 11:10 AM IST
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