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May 14, 2002

DENMARK: Danisco stages share buyback, raises holding to 7.12%

Danish sugar and ingredients giant Danisco has completed a share buyback that saw its stake increase to 7.12% of the share capital of nominal Dkr1.164bn (US$142.4m). Its holding was previously 5.06%, the company said yesterday [Monday]. Danisco added that it would use the bought-back shares to further develop its capital structure, to facilitate financing and takeovers, or to sell or transfer in other ways.

Danish sugar and ingredients giant Danisco has completed a share buyback that saw its stake increase to 7.12% of the share capital of nominal Dkr1.164bn (US$142.4m).

Its holding was previously 5.06%, the company said yesterday [Monday].

Danisco added that it would use the bought-back shares to further develop its capital structure, to facilitate financing and takeovers, or to sell or transfer in other ways.

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