Symrise AG (XTRA:SY1) submitted a binding offer to acquire Neroli Invest Dl on March 22, 2022. In a related transaction, Symrise submitted a binding offer to fully acquire Société Française d'Aromatiques R. Romani. The combined annual sales of SFA Romani and Groupe Neroli amount to more than 40 million.
Transaction is subject to approval of respective bodies and consultations of the works councils and is expected to close in second quarter of 2022.