Firmenich Reaches Agreement to Take a Minority Stake in Robertet
Firmenich is prepared to be a passive long-term shareholder of the company
Firmenich, a privately-owned Perfume and Taste Company, reached an agreement with First Eagle Investment Management to acquire the stake held by its advisory clients in Robertet, representing approximately 17% of the share capital1 at a price of
€683.30 per security2.
“Firmenich has the greatest respect for Robertet, with its family values, long term vision of the industry and leading capabilities in natural ingredients,” said Patrick Firmenich, Chairman of the Board of Firmenich. “As a long-term oriented shareholder, this investment reflects Firmenich’s commitment to best support Robertet’s continued growth.”