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.

May 14, 2002

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.