Virbac : Aquaculture : Virbac strengthens its position in Centrovet
13 September 2021 - 8:30AM
Virbac : Aquaculture : Virbac strengthens its position in Centrovet
Virbac announces the acquisition of additional shares in the
Centrovet group
We announce that we have bought 15% of the shares of the
Centrovet group, thus increasing our stake to 66%, while retaining
the possibility of subsequently acquiring all or part of the
remaining shares.
Sébastien Huron, chief executive officer, Virbac group: "With
this acquisition, we are consolidating our position in this
promising market and strategic aquaculture segment for our Group
(Chile being the world's second largest producer of salmon).
Centrovet, thanks to its industrial footprint and R&D
infrastructures, gives us a real competitive advantage in the
Chilean aquaculture industry. With a highly engaged team, we have
the ambition to further bring innovative products and solutions to
the local market and to search for additional synergies on the
R&D and manufacturing sides between the cold and warm-water
fish segments."
The consideration paid for the acquisition of this stake is US
$17.7 million, paid in full and in cash upon closing. This
transaction will have limited impact on the financial statements of
our Group, other than the disbursement of the price paid, insofar
as Centrovet's activity has been consolidated at 100% since the
acquisition of the majority stake of 51% on November 23, 2012.
A lifelong commitment to animal healthAt
Virbac, we make innovative solutions available to veterinarians,
farmers and animal owners in more than 100 countries around the
world. Covering more than 50 species, our range of products and
services can diagnose, prevent and treat the majority of
pathologies. Every day, we are committed to improving the quality
of life of animals and to shaping the future of animal health
together.
Virbac: NYSE Euronext - compartment A – ISIN
code: FR0000031577/SYMBOL: VIRPFinancial Affairs Department: tel.
04 92 08 71 32 - email: finances@virbac.com - Website:
corporate.virbac.com
- Virbac Centrovet Sept 2021 Eng
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