International Sugar Journal

Tate & Lyle plans to sell controlling stake in sweeteners unit [Full subscriber]

Tate & Lyle is in talks to sell its sweeteners division, which makes the bulk of the company’s £2.9 billion revenues, as it looks to shift towards healthier food products.

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Mexico – Sáenz Group puts on sale its three mills for US$360 million [Registered]

The family-owned Sáenz Group has put up its three mills for sale for MXN7 billion (US$360 million), according to local press reports.

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Turkey – Sale of three state-owned plants cancelled [Registered]

The sale of three sugar plants in central Turkey has been cancelled, the head of Turkey’s Food and Sugar Industry Workers Union (FSIWU) said on 27th December, according to local press reports.

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Australia – Beleaguered Mackay Sugar to sell Mossman Mill to a co-operative [Registered]

Far Northern Milling Pty Ltd is buying back the Mossman Mill after entering into an agreement with Australia’s second largest miller Mackay Sugar which is under pressure from crippling debt, according to local press reports.

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Turkey – Government takes a loss of US$85 million from selling four sugar factories [Full subscriber]

In early June, the Turkish government has taken a loss TRY415.32 million l(US$ 85.3 million) from the sale of four state sugar factories, according to local press reports citing union of sugar industry workers

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USA – BP Verenium’s cellulosic biofuels plant up for sale [Registered]

The BP Verenium Biofuels plant in Jennings, Louisiana, is being offered for sale. The 1.4 million gallons (6.36 mln litres) demonstration-scale facility celebrated its grand opening in 2008 and was acquired by BP Biofuels North America in mid-2010.

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Serbia – Hellenic Sugar Industry calls off sale of its two factories [Registered]

The Greek company Hellenic Sugar Industry will not be proceeding with the sale of its two factories in Serbia after the bids received were deemed unacceptable, according to local media.

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China – 200,000 t sugar from state reserves sold at 15% premium [Registered]

China sold its first batch of state sugar reserves in five years on 28th October at a 15% premium to the minimum price set by the government on buoyant demand from buyers, reported Reuters.

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Mexico concludes privatization of last two state-owned sugar mills [Registered]

The Mexican government sold the last two state-owned sugar factories on 26th August for MXN3.398 billion pesos (US$182.71 million dollars) to Grupo Beta San Miguel, according to local press reports.

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Mexico – Last two state-owned sugar mills put up for sale [Registered]

The Mexican Service of Administration and Disposition of Assets (SAE) published an announcement 13th June in the Diario Oficial (Federal Register) containing the public tender for the last two state-owned sugar mills.

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