A consortium of investors completed the acquisition of a 30% stake in Cosumar from Wilmar for $605m.

A consortium of investors including Sucden, MCMA, MAMDA, CIMR and RCAR completed the acquisition of a 30% stake in Cosumar, a sugar producer, from Wilmar, a food products maker, for $605m. "We are very pleased to become a shareholder of Cosumar, the sole sugar producer in Morocco, where our company started its sugar business over 70 years ago. Sucden's expertise and footprint in the world sugar market will benefit Cosumar's plans to expand its international sugar activities," Serge Varsano, Sucden Chairman.