International Flavors and Fragrances to sell food ingredients unit in US$4.3 billion deal - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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ML v2 (DistilBERT)
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🏦 Source Intelligence
Rolling outlet bias
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avg -0.031
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Article Excerpt
International Flavors & Fragrances agreed to sell its food ingredients business to CVC Capital Partners in a deal that values the unit at about US$4.3 billion, as the flavour maker trims its portfolio to boost profitability.
IFF has been looking to sharpen its focus on fragrances and health businesses, as consumer spending on health and wellness remains resilient.
The company said it has divested 13 non-core businesses over the last several years and raised about US$10 billion in gross proceeds to help reinvest in its higher-margin businesses.
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