CSM intends to sell Sugar Confectionery to CVC Capital Partners
CSM is pleased to announce that negotiations with CVC Capital Partners regarding the sale of its Sugar Confectionery Division are now so far advanced that we expect final agreement on the transaction. The parties have agreed a provisional takeover price of EUR 850 million. The actual value of the transaction will be based on the division's balance sheet on the date of transfer. CSM expects to complete the sale in the first quarter of 2005.
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