UPDATE 3-International Flavors and Fragrances agrees to sell food ingredients business in $4 billion deal

International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc.

IFF

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Changes sourcing

- International Flavors & Fragrances IFF.N said on Friday it had agreed to sell its food ingredients business to private equity firm CVC Capital Partners in a deal that values the unit at about $4 billion.