Iberchem S.A. has signed an agreement to acquire 93% stake in Parfex SA (ENXTPA:MLPFX) from founding shareholders and certain minority investors for a total enterprise value of €45 million on April 7, 2021.Parfex is 82% owned by its founders with the remaining free float of shares listed on the Euronext Access market. Croda has agreed to acquire 93% of Parfex's outstanding shares, comprising the founding shareholders and certain minority investors. Croda ultimately expects to acquire 100% of the total outstanding share capital, subject to a potential tender offer and subsequent de-listing. The transaction is subject to customary pre closing conditions and is expected to close by the end of the second quarter of 2021.