Sucden acquired a majority stake in the sugar unit of Trio Group.

Sucden, a leading French soft commodities group, acquired a majority stake in the sugar unit of Trio Group, a full-cycle agricultural holding, for $64m. 'This deal will give an opportunity to strengthen our strategic positions in Russia and ensure a high level of reliability for our customers. As a result, our customers will benefit from synergies of this new major equity participation added to our agricultural and industrial Russian network', commented Etienne Pelletier, CEO of SUCDEN in Russia.