The Swiss fragrance and flavour maker saw slower like-for-like sales growth in the third quarter of 2016. Third-quarter sales totalled 1.184 billion Swiss francs ($1.21 billion), Givaudan said in a statement. Like-for-like sales growth from July to September was 3.1 percent, half the 6.2 percent growth rate seen in the first half and short of a forecast for 3.4 percent in a Reuters poll of seven analysts. Its chairman and CFO announced plans to retire.
Cement maker LafargeHolcim agreed to sell its majority-held Chilean business, Cemento Polpaico, to investment firm Inversiones Caburga Limitada. Caburga, part of the Hurtado Vicuna Group, agreed to buy the Swiss-French firm's 54.3 percent stake with a roughly 220 million Swiss franc ($225 million) e...
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