- Frutarom - through its US subsidiary - has signed an agreement for the loan of $45m.

The loan - which is for 13 months with interest of LIBOR plus 1.25% - will be made available on 2 January.

The loan was taken for the purpose of financing the acquisition of 100% of the share capital of Flavor Systems International and replaces a short term loan the company took for interim financing.

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