Ackermans & van Haaren and SIPEF acquire Sime Darby Plantation Berhad’s 52%-interest in Verdant Bioscience

May 29, 2020

Ackermans & van Haaren and SIPEF signed an agreement with Sime Darby Plantation Berhad (Malaysia) to acquire the latter’s 52% interest in Verdant Bioscience Pte Ltd (VBS), based in Singapore.

Ackermans & van Haaren acquires a 42% stake in VBS, representing an investment of 7 million USD. SIPEF increases its stake by 10% to 48% for an amount of 1.7 million USD. The Singapore-based company BioSing, which established VBS and in which its scientists are associated, maintains its 10% of the company. This transaction has the full consent of BioSing, and its representatives, Bryan Dyer and Dr Stephen Nelson, remain in office respectively as chairman and managing director of VBS.

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