Barry Callebaut Explores Delisting Amid Cocoa Price Volatility and Debt Challenges
Barry Callebaut, the world's leading manufacturer of high-quality chocolate and cocoa products, has been in talks with the Jacobs family, its main shareholders, and private equity firm CVC Capital Partners. The discussions reportedly revolved around a potential delisting from the stock exchange, amidst challenges such as sharply rising cocoa prices and high debt.
The company, valued at around 6 billion Swiss francs, generated approximately 10.5 billion francs in revenue last year. Barry Callebaut's shares are heavily shorted, with around a quarter of freely tradable shares held by investors betting on a decline. The Jacobs family, currently holding about 31% of the shares, has reduced their stake by about 30% over the past decade.
Talks about a possible delisting were held by Barry Callebaut's management with potential investors or financial advisors. However, these discussions reportedly stalled due to disagreements on pricing and concerns about commodity risks.
Barry Callebaut, facing headwinds from volatile cocoa prices and debt, has explored the possibility of delisting from the stock exchange. Despite talks involving the Jacobs family and CVC Capital Partners, the process has hit a roadblock due to pricing disagreements and commodity risks. The company's future trajectory remains uncertain.
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