Trilogy buys 25% of rosehip producer in Chile for US$6 mln in cash, shares

Wed, 25 May 2016

By Jonathan Underhill May 26 (BusinessDesk) - Trilogy International, the skincare and home fragrance company that was last week asked by the NZX to explain a jump in its stock price, says it has acquired 25 percent of Chilean rosehip producer Forestal Casino for US$8 million in cash and shares, giving it certainty of supply for an oil used in skincare products. Trilogy will pay US$2 million in cash and issue 2.6 million new shares to Forestal Casino, valued at US$6 million, the Auckland-based company said in a statement. The shares are su...

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