Fairfax India Holdings Corporation (OTCPK:FFXD.F) is looking to sell its majority stake in Fairchem Organics Limited (BSE:543252), three people aware of the development said. A transaction may value the publicly listed company at a 25-30% premium to its market capitalization, one of the three people said, adding Fairfax has hired Bank of America (BofA) as an adviser for the deal. Global companies in the flavours and fragrances segment, such as Firmenich International SA, Givaudan SA (SWX:GIVN), Symrise AG (XTRA:SY1) and International Flavors & Fragrances Inc. (NYSE:IFF), could be interested in the deal, the second person added.
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Other stock markets
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5-day change | 1st Jan Change | ||
1,239 INR | +0.61% | -5.11% | -1.93% |
May. 22 | Fairchem Organics Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2024 | CI |
May. 22 | Fairchem Organics Limited Recommends Cash Dividend | CI |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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4,237 CHF | +0.78% | +0.28% | 43.27B | ||
1,239 INR | +0.61% | -5.11% | 193M | ||
109.4 EUR | +0.05% | +4.04% | 16.58B | ||
96.18 USD | +0.67% | +0.04% | 24.56B | ||
14.3 USD | +2.69% | +1.56% | 1.93B | ||
1st Jan change | Capi. | |
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-1.93% | 193M | |
+17.07% | 66.31B | |
-0.29% | 48.46B | |
+21.61% | 43.27B | |
+26.72% | 27.41B | |
+9.25% | 19.26B | |
+9.75% | 16.58B | |
-2.14% | 16.61B | |
-15.01% | 14.41B | |
-30.22% | 14.02B |
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