News International Sugar Journal

South Africa – ABF buys out Illovo Sugar for US$374.6 million [Registered]

ABF has owned a majority stake in the business since 2006 and has decided to take full ownership. The company which holds a 51.35 percent stake in Illovo, made an offer of ZAR25 per share for the stake it does not own on 8th April. ABF had said in February it would make an offer of ZAR20 per share for the stake.…

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