Tate & Lyle selling Vietnamese sugar assets

by Staff
Share This:

LONDON — Tate & Lyle P.L.C. has entered an agreement to dispose of its sugar interests in Vietnam to TH Milk Food Joint Stock Co., which is based in Vietnam.

The transaction is expected to be completed in the first half of the current fiscal year and is subject to Vietnamese government approvals and the rights of Mitr Phol Saturn Investments Ltd., Tate & Lyle’s partner in the business. For the sale, Tate & Lyle will receive £33 million ($54 million) in addition to the company’s share of the value of working capital and net cash to be retained in the business.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.