Avantium Renewable Polymers to acquire a stake in malt business of Tereos.

Avantium Renewable Polymers, a chemical technology company, agreed to acquire a stake in malt business of Tereos, a French sugar and ethanol group. Financial terms were not disclosed. "Following this transaction, we will have terminated our partnership with Axereal and fully exited the malt business. In the process of consulting employees' representative bodies with a view to present the project of a potential shutdown of its Romanian sugar activities in the context of a pessimistic outlook," Philippe de Raynal, Tereos CEO.