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September 17, 2002
By: TOM BRANNA
Editor
The European Union Commission Tuesday approved the purchase by investment firm EQT Northern Europe Private Equity Funds of two fragrance and flavors companies, Haarmann & Reimer GmbH and Dragoco Gerberding. EQT is paying pharmaceutical giant Bayer AG EUR1.66 billion for H&R, but declined to say how much stock it would exchange for Dragoco.The acquisitions mark EQT’s entry into the fragrance and flavors industry. EQT said in a statement that the market offers room to grow and isn&...
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