Associated British Foods has announced a recommended offer to acquire 51% of Illovo Sugar, the largest cane sugar producer in Africa.
ABF said that it would support Illovo's plans for capacity expansion and development in its African markets.
George Weston, chief executive of ABF, said: “The combination of British Sugar and Illovo will create a powerful partnership in Africa and Europe.”
ABF said that it would support Illovo's plans for capacity expansion and development in its African markets.
George Weston, chief executive of ABF, said: “The combination of British Sugar and Illovo will create a powerful partnership in Africa and Europe.”
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