Croda International Dips On Sale Of Its Bio-based Business But Still Rides High For 2021
“Croda International Plc (LON:CRDA)’s share price has dipped on the news that it’s selling its bio-based industrial business to US firm Cargill Velocity Holdings for £778m. Given the review of this part of the business, a sale had been on the cards, so rather than the strategic direction of the Yorkshire based company, it may have been the price tag which disappointed some investors, with expectations that it could have clinched an even higher price tag. Q3 2021 hedge fund letters, conferences and more Croda International's Shares FallThe 1.2% fall in early trading is a minor dent in a spectac...