Danisco, the Denmark-based ingredients group, said today (21 July) that it had not received any approaches about a potential takeover amid talk that private equity group Apax Partners was eyeing the company.
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“If we’d received any approaches, we’d of course have to have reported these to the stock exchange,” CEO Tom Knutzen told the Bloomberg news agency.
Knutzen said Danisco had “no knowledge” of the rumoured interest from Apax, which was cited in the Danish press as a potential bidder for the business.
“I know how such rumours tend to escalate in the summer heat,” Knutzen added.
When contacted by just-food this afternoon, Danisco refused to comment further.
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By GlobalDataShares in the company have soared on the back of the speculation and were up 11.5% at DKK315 on the Copenhagen Stock Exchange at 14:45 CET this afternoon.
Earlier this month, Danisco struck a deal to sell its sugar business to Germany’s Nordzucker for DKK5.6bn (US$1.2bn).
Officials at Apax could not be reached for immediate comment.
