date:Apr 21, 2014
Royal Wessanen has signed an agreement with Egeria for the sale and purchase of IZICO and all its subsidiaries for an enterprise value of 68 million on a cash and debt free basis and subject to certain adjustments on closing. Wessanen can receive an additional amount of up to 3.5 million as part of an earn-out related to the 2014 EBITDA.
The closing of the deal is subject to approval by various anti-trust authorities, including the Dutch Authority for Consumers Markets (ACM).
This divestment