Camlin Fine Sciences Limited acquires majority of Vinpai

Camlin Fine Sciences Limited (CFSL), an Indian group specializing in preservation solutions and flavor ingredients, has signed a memorandum of understanding to acquire a majority stake in Vinpai. This acquisition, paid for in CFSL ordinary shares at €3.60 per Vinpai share, aims to gain control of 83.82% of the capital.

In accordance with the February 24 press release, CFSL subscribed to convertible bonds issued by Vinpai, for a total amount of €3.3 million. These bonds will be converted into shares, thus increasing CFSL's stake.

At the same time, CFSL plans to file a simplified cash tender offer for the remaining Vinpai shares at the same price per share as the initial acquisition. This offer will be launched after the acquisition of the majority stake and is subject to AMF compliance.