FRANKFURT (Dow Jones)--German flavor and fragrance company Symrise AG (XETRA:SY1) (SY1.XE) isn't in talks with Danish company Danisco A/S (Copenhagen:DCO) (DCO.KO) over its flavor and fragrance unit, a Symrise spokesman told Dow Jones Newswires Thursday.

"There are no negotiations between Symrise and Danisco," the spokesman said.

Earlier Thursday, sugar and ingredients firm Danicso confirmed that it is in talks to divest its flavors unit, but didn't identify the potential buyer or buyers.

The Copenhagen-based company said it expects to make further statements in the coming week.

Analysts named industrial buyers such as Givaudan SA (virt-x:GIVN) (GIVN.VX), International Flavors & Fragrances Inc. (NYSE:IFF) (IFF), Sensient Technologies Corp. (NYSE:SXT) (SXT) and Symrise as potential suitors.

Merrill Lynch analyst Robert Waldschmidt said recent transaction multiples suggest that Danisco's flavors unit could be worth more than 2.6 billion Danish kroner ($473 million).

Company Web sites: http://www.symrise.com ; www.danisco.com

-By Gangolf Schrimpf, Dow Jones Newswires; + 49 69 29 725 500; gangolf.schrimpf@dowjones.com

    (END) Dow Jones Newswires   05-03-07 1026   Copyright (c) 2007 Dow Jones & Company, Inc.