DGAP-Adhoc

Symrise AG: Mergers & Acquisitions: Offer for Acquisition of Diana Group

Symrise AG / Key word(s): Mergers & Acquisitions

12.04.2014 20:06

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Symrise AG, Holzminden, ISIN: DE000SYM9999

Ad-hoc Publication according to section 15 Securities Trading Act

Mergers & Acquisitions: Offer for Acquisition of Diana Group

Symrise AG today submitted a binding offer for the acquisition of all of
the shares in Kerisper S.A.S., France, the holding entity of Diana Group.
Diana is a leading supplier to the food, pet food, nutraceutical,
aquaculture and cosmetics industries. After finalisation of the customary
French consultation process with the workers' council of Diana, the owners
of Diana Group can conclude a share purchase agreement by accepting the
offer. The parties agreed on exclusivity for the duration of this process.

In 2013, with around 2,000 employees, Diana achieved sales of around EUR
425 million and an EBITDA-margin of approx. 21%. For Symrise, the
acquisition would be EPS accretive from 2015 onwards. The joint activities
of Diana and Symrise would generate pro forma sales of nearly EUR 2.3
billion and an EBITDA-margin of more than 20%.

Through this transaction, Symrise would significantly expand its position
in the flavor & nutrition markets, strengthen its backward integration and
expand its activities into the pet food markets.

Symrise plans to invest nearly EUR 1.3 billion in this transaction and has
already secured the required bridge financing. Symrise plans to refinance
such bridge financing - subject to market conditions - by a mix of debt and
equity financing.

The transaction would be subject to antitrust clearance and would be
expected to close in the third quarter of 2014.

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12.04.2014 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Symrise AG
Mühlenfeldstraße 1
37603 Holzminden
Germany
Phone: [phone]
Fax:
E-mail: [e-mail]
Internet: www.symrise.com
ISIN: DE000SYM9999
WKN: SYM999
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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