Danish food ingredients and sweeteners giant Danisco is mulling the acquisition of German competitor Haarmann & Reimer, according to a report in Danish news magazine Okonomisk Ugebrev.

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Haarmann & Reimer, which is owned by German giant Bayer, is reported to be worth about DKK11bn (US$4.9bn) and IFF, Givaudan and Quest have all been named as possible contenders to any bid by Danisco.