International Sugar Journal

European Union – ADM acquires Eaststarch in preparation for end of sugar production quotas [Registered]

Under the terms of the agreement, ADM will take full ownership of corn wet mills in Bulgaria and Turkey, and will own a 50% stake in a wet mill in Hungary. Tate & Lyle will receive a cash consideration of EUR240 mln, subject to customary closing adjustments, including for net cash and working capital, and take full ownership of the Eaststarch facility in Slovakia.

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