The Danisco deal to spin-off of its sugar arm to Germany's Nordzucker faces delays after German competition authorities take their review into a second phase, opting to investigate the €750m takeover further.
Danisco has announced that it will sell its sugar division to
Nordzucker for DKK5600m, around €751m, bringing to an end months of
speculation as to whether it would agree to a sale or opt to spin
off sugar into a separate business.
Sweeping changes to Europe's subsidised sugar regime announced
yesterday will see sugar prices cut by 39 per cent paid to
companies that include sugar and sweetener suppliers Danisco and
Tate and Lyle, but will bring price relief...
Top ingredients supplier Danisco will phase out its activities in
oil and protein crops in order to focus on sugar beet seed, said
the Danish firm this week, in a move reflecting changes to the
European sugar regime in 2006 that will...