01/04/2021 | Ingredients

Chr. Hansen: Natural Colors transaction closed

Chr. Hansen Holding A/S and EQT announced the completion of the transaction announced on 26 September 2020, whereby EQT and Chr. Hansen Holding A/S entered into an agreement with the purpose of EQT to acquire the Natural Colors division from Chr. Hansen Holding A/S. The divestment follows the 2025 Strategy of Chr. Hansen becoming a differentiated bioscience company with focus on the microbial and fermentation technology platforms.

The total consideration for the transaction is EUR 800 m on a cash and debt free basis, which Chr. Hansen has already received. Transfer of business activities is completed, however, the full legal transition in a few countries will be finalized during the coming months. The proceeds from the divestment will be used to reduce the leverage of Chr. Hansen.