MergerLinks Header Logo

Announced

Completed

Nanning Sugar Industry completed the acquisition of Chinese cane sugar business from Associated British Foods.

Synopsis

Nanning Sugar Industry, that manufactures and markets sugar products, completed the acquisition of cane sugar business in China from Associated British Foods, a British multinational food processing and retailing company. Financial terms were not disclosed. Following the sale, AB Sugar will have operations in Britain, Spain, southern Africa as well as beet sugar operations in northern China, with an annual processing capacity of some 4.4m tonnes of sugar and 600m litres of ethanol. ABF will have about 4,500 staff in China.

Show Details & Financials

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US