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Tuesday August 9th, 2022
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Firmenich enters into an agreement to take a minority stake in Robertet

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 Firmenich, the world's 14-10th 19th-owned perfume and flavouring company, has entered into an agreement with First Eagle Investment Management to acquire its clients' stake in Robertet, representing approximately 17% of the capital1, at a price of EUR 683.30 per security2. 

"Firmenich has the utmost respect for Robertet, its family values, its long-term vision and its cutting-edge know-how in natural ingredients," said Patrick Firmenich, Chairman of The Board of Directors of Firmenich.  This takeover reflects Firmenich's commitment to long-term support for Robertet's growth. » 

"With its portfolio of natural products for perfumery, flavourings and ingredients, Robertet is ideally positioned to meet growing consumer demand for greater naturalness," said Gilbert Ghostine, Managing Director of Firmenich.  This investment in one of the leaders of natural is perfectly in line with our group's medium-term strategy. » 

Firmenich is prepared to remain Robertet's long-term passive minority shareholder alongside the Maubert family. Firmenich is also willing to discuss amicably a possible increase in its participation, and also ready to build a closer collaboration in order to accompany the long-term success of the company. If offered, Firmenich could also consider taking a controlling stake in Robertet. 

Firmenich has filed a statement of threshold and intent with the AMF in accordance with existing regulations. 

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