Ajinomoto Completes Sale of French Sweeteners Division to HYET
16 Oct 2015 --- Ajinomoto Co has announced the completion of the procedures for the transfer of all issued and outstanding shares of Ajinomoto Sweeteners Europe S.A.S of France, a wholly owned subsidiary of Ajinomoto Co., to HYET Holding B.V of the Netherlands in accordance with the details of the share sale announcement in August.
At a transfer price of EUR 1 (approximately JPY 135), Ajinomoto Co. expects to record an extraordinary loss from this sale of around JPY 7.0 billion, which has been incorporated in its most recent consolidated performance forecast for the fiscal year ending March 31, 2016, announced in its Revision to Consolidated Performance Forecast for the Fiscal Year Ending March 31, 2016, dated August 27, 2015.