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Kerry Intends to Acquire Biosearch Life

Feb 15th, 2021
Hannah Fink
Kerry Ingredients & Flavours
Biosearch Life is based in Granada, Spain and employs more than 150 employees.
Biosearch Life is based in Granada, Spain and employs more than 150 employees.

Kerry Group Plc has announced its intention to acquire the company Biosearch Life, a Spain based company focused on nutraceutical and functional food sectors.

Related: Kerry Joins CDP RE100 List

The acquisition plans to be completed by means of a friendly public tender offer for the shares of Biosearch Life addressed to all of its shareholders and is subject to the prior approval of the Spanish National Securities Markets Commission and, upon its approval, to the acceptance of the offer by Biosearch Life’s shareholders.

Grupo Lactalis Iberia, S.A., main shareholder of Biosearch Life, has irrevocably undertaken to tender its entire stake representing 29.5% of the share capital of the company into the offer.

 

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