International Flavors & Fragrances Mulls $3.5B Sale of Pharma Unit

International Flavors & Fragrances (IFF.N) is working with an adviser to explore a potential sale of its pharma solutions business, Bloomberg News reported on Monday, citing people familiar with the matter. The unit could fetch about $3.5 billion in sale, according to the report. The pharma business was expected to garner interest from IFF’s peers and private equity firms, Bloomberg reported.

Read the full article: International Flavors & Fragrances Mulls $3.5B Sale of Pharma Unit //

Source: https://www.reuters.com/markets/deals/international-flavors-fragrances-mulls-35-bln-sale-pharma-unit-bloomberg-news-2023-10-23

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