METabolic EXplorer S.A. signed a share purchase agreement to acquire Ajinomoto Animal Nutrition Europe S.A.S. from Ajinomoto Co., Inc. for €15 million.
April 14, 2021
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METabolic EXplorer S.A. (ENXTPA:METEX) signed a share purchase agreement to acquire Ajinomoto Animal Nutrition Europe S.A.S. from Ajinomoto Co., Inc. (TSE:2802) for €15 million on April 15, 2021. Consideration would be paid in two installments, €8 million upon closing and €7 million within 6 months of closing. There is no conditions precedent and transaction is now expected to be completed in the coming weeks.
Ajinomoto Co., Inc. specializes in the production and marketing of food and pharmaceutical products. Net sales break down by activity as follows:
- sale of food products (57%): seasonings (brands AJI-No-Moto and Hon-Dashi), mayonnaise (Pure Select), instant noodles, beverages, etc.;
- sale of frozen products (19.7%);
- other (23.3%).
METabolic EXplorer S.A. signed a share purchase agreement to acquire Ajinomoto Animal Nutrition Europe S.A.S. from Ajinomoto Co., Inc. for €15 million.
AJINOMOTO CO., INC. 
