Spanish private-label chocolate specialist Natra has filed a prospectus with the Spanish Stock Market Regulation Authorities (CNMV) for its planned capital increase of EUR40.5m (US$57m).
Natra and global chocolate producer Barry Callebaut are currently negotiating the binding terms and conditions of the deal that would see Callebaut take a minority stake in Natra while the Spanish group takes over the Swiss company’s European consumer chocolate business, Stollwerck.
The signing and closing of the transaction is subject to a number of conditions, including approvals by authorities and committed financing, and Callebaut said it was for the latter purpose that the capital increase had been undertaken by Natra.
Callebaut said the negotiations were “progressing well”. Subject to all pre-conditions being met, the transaction is expected to be executed in September 2009, the Swiss company said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
