Cognis now able to make acquisitions after restructuring debt |
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Fri, 25 May 2007 09:48
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FRANKFURT (Thomson Financial) - Speciality chemicals company Cognis now has the means to fund acquisitions, after having restructured its debts, reported Frankfurter Allegmeine Zeitung, citing Cognis management board member Antonio Trius.'We now have more flexibility to invest in the company,' Trius told the newspaper, adding that Cognis could now pursue acquisitions of between 100-200 mln eur.In particular, Cognis is looking to acquire businesses in the food and cosmetics sectors, and intends to focus on growth markets such as health and 'well-being', the paper said.krysia.diver@thomson.comkd/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Cognis corporate family rating cut to 'B2' - Moody's 