International Sugar Journal

Australia – Mackay Sugar’s shareholders approve takeover by Nordzucker [Full subscriber]

Australia’s second-largest sugar milling company, Mackay Sugar Limited, has announced that a majority of its farmer-shareholders (75%) voted on 29th July in support of a takeover by Germany’s second-largest sugar producer Nordzucker AG. The farmers will retain a 30% shareholding in return for Nordzucker’s investment in the company.

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