en.Wedoany.com Reported - Toray Industries, Inc. has decided to transfer its 66% stake in Soda Aromatic Co., Ltd. to Samyang Japan Co., Ltd., a subsidiary of South Korea's Samyang Group, while Mitsui & Co., Ltd. will simultaneously transfer its 34% stake. The enterprise value of this transaction is 41 billion yen, with the actual transfer price to be adjusted at closing based on net interest-bearing debt, working capital, and other items.

Soda Aromatic is primarily engaged in the manufacture and sale of flavors, fragrances, and related products. The enterprise value of 41 billion yen reflects the company's business scale and market position in the flavor and fragrance sector. Toray and Mitsui have signed a share transfer agreement with Samyang Japan.

This transaction is part of Toray's business portfolio restructuring and is expected to be completed within the first half of the fiscal year ending March 2027, subject to regulatory approvals and other customary closing conditions. The share transfer corresponding to this enterprise value will bring Soda Aromatic under the umbrella of South Korea's Samyang Group. Samyang Group has a business presence in chemicals and food additives, and this acquisition will help expand its flavor and fragrance business segment.

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