EBS "not optimistic" about 1996

Article Abstract:

French starch, sugar and oils group Eridania Beghin Say (EBS) reported a 26.3% rise in net profits for 1995 to 1.5 billion French francs, but EBS Pres Stefano Meloni is pessimistic about its prospects in 1996. Fluctuations in the exchange rate caused reductions in sales and profits. Restructuring of some divisions, including Provimi, the animal nutrition unit, helped improve performance, although there was a decline in profit margins in the Cerestar starch division.

Sugar and Confectionery Products, Sugar Manufacturing, Wet corn milling, Wet Corn Milling & Starch, Vegetable Oils-Other, Raw Sugar, Finance, Corn products, Vegetable oils

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Spanish olive oil shake up likely

Article Abstract:

The olive oil industry in Spain is undergoing changes as companies make acquisitions and new marketing arms are set up by producer co-operatives. The Coosur company is expected to be privatised and both Aceites Pont and Aceites Toledo are seeking to expand via acquisitions. Cooperatives such as Cordoliva, Jaencoop, Oloestepa and Hojiblanca may make acquisitions or establish their own marketing divisions.

Fats & Oils, Spain, Fats and oils, Fats and oils industry, Oils and fats industry

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EBS finally completes takeover of American Maize

Article Abstract:

Eridania Beghin-Say (EBS) of France is to go ahead with its takeover of American Maize Products (AMP) of the US, a starch group, following secret negotiations with William Ziegler, AMP's main shareholder, over the sale of his shares in the company. AMP will be merged with Cerestar, EBS's own starch subsidiary, giving EBS a 6% share of the market and 3 production sites.

Corn Starch, Mergers, acquisitions and divestments, Cornstarch, American Maize-Products Co., AZEA

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