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29 Apr 2026

Ashurst Advises Treatt on £183 Million Recommended Takeover by Döhler Group

"Global law firm Ashurst is advising Treatt PLC on its recommended £183 million takeover by Döhler Finance Management B.V., an indirect wholly‑owned subsidiary of Döhler Group SE. Under the proposed scheme of arrangement, Treatt shareholders would receive 305p in cash per share and retain a previously announced final dividend of 3p per share payable on 13 May 2026. Treatt is a UK‑based maker of natural extracts and ingredients for flavour, fragrance and consumer products; Döhler is a global producer of natural ingredient systems headquartered in Germany. The Ashurst team is led by partners Tom Mercer and Duncan Liddell, working with Treatt’s in‑house legal team."

Ashurst advised Treatt PLC (Ashurst acted for Treatt; no external advisers for Döhler are named in the press release). Ashurst also worked alongside Treatt’s in‑house legal team. Transaction summary Ashurst advised on Treatt’s recommended £183 million takeover by Döhler Finance Management B.V. (an indirect wholly‑owned subsidiary of Döhler Group SE). The acquisition is expected to be implemented by way of a scheme of arrangement. Treatt shareholders will be entitled to receive 305 pence in cash per Treatt share and will retain the previously announced final dividend for the year ended 30 September 2025 of 3 pence per share, payable on 13 May 2026. Lawyers involved (seniority and practice area where stated) - Tom Mercer — Partner - Duncan Liddell — Partner - Maria McAlister — Senior Associate - John Papadakis — Counsel - Sylvia Lloyd‑Morris — Associate - Saahil Gungapersad — Associate - Ismail Afzal — Associate - Florence Chan — Associate - Brihadeesh Murali — Associate - Simran Lamba — Associate - Louise Johnson — Senior Associate (assistance on the matter) - Millie Gibbs — Senior Associate (assistance on the matter) - John Gordon — Counsel (advising on pension aspects) - Jeffrey Johnson — Counsel (advising on US securities aspects) - Lynn Dunne — Partner (assisting with advice on the scheme of arrangement process) - Paul Ryan‑Brown — Senior Associate (assisting with advice on the scheme of arrangement process) - Zara Everitt — Associate (assisting with advice on the scheme of arrangement process) Also noted: Nick Hartigan — General Counsel and Company Secretary (Treatt, in‑house).
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