ICI sells Quest for £1.2bn

UK chemicals and paints giant ICI agreed to sell its flavours and fragrances division today in a deal worth around £1.2bn (€1.8bn).

ICI sells Quest for £1.2bn

UK chemicals and paints giant ICI agreed to sell its flavours and fragrances division today in a deal worth around £1.2bn (€1.8bn).

Proceeds from the proposed disposal of the Quest arm to Switzerland-based Givaudan are expected to be used to reduce ICI’s pension deficit and debt.

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