Deals this week: KENKO Mayonnaise, Terravia
KENKO Mayonnaise has announced its plans for a private placement of 265,000 shares at a price of JPY2,863.80 ($25.18) a share, in order to raise JPY758.91m ($6.67m).
The placement is expected to be completed by 17 February.
Based in Japan, the company produces and distributes salads and delicatessen, mayonnaise, dressings, sauces and egg products.
Plant-based ingredients supplier Terravia has signed a distribution agreement with Univar.
Under the agreement, the latter will distribute Terravia’s AlgaVia brand of Whole Algae Ingredients across Europe.