DANISCO VINDER KAMP OM LITAUISK SUKKER

Article Abstract:

The Danish group Danisco is to acquire a 53% stake in Kedainia Cukrus, the most technically advanced sugar plant in Lithuania. The stake will be acquired through a capital injection totalling DKr 61mn (USD 9mn). Danisco is supported by Vilniaus Prekyba, a trading company which hitherto controls 40% of Kedainia Cukrus. Its financial advisor Ignasias Staskevicius prefers Danisco to the other potential buyers, the German group Zudzucker and Nordzucker. There is still uncertainty about the measures to be taken by sugar beet producers who own 50% of the company. However, they are not likely to be able to prevent the acquisition, even though they have been critical against a dominating investor in the Lithuanian sugar industry, the paper writes.

Comment:

Will acquire a 53% stake in Kedainia Cukrus, the most technically advanced sugar plant in Lithuania, through capital injection

Lithuania, Food & Kindred Products, Food Manufacturing, Danisco A/S, Kedainia Cukrus

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S e Erfolge in Rum nien:

Article Abstract:

The Austrian sugar and starch group Agrana raises its share of the Romanian sugar market to about 30% by taking over SC Zaharul SA. The Buzau-based company accounts for about 10% of Romania's annual sugar production of 550,000 tonnes. The 51% stake was sold by the State Ownership Fund of Romania. Including investment commitments, the deal is costing Agrana US$ 9mn. In March 1998 Agrana had taken over another two sugarmills, SC Cristal Urcizeni SA and SC Beta Tandarei SA.

Comment:

Raises share of Romanian sugar market to about 30% by taking over SC Zaharul for $9 mil

Romania, Agrana Beteiligungs AG, SC Zaharul S.A.

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Danemark/Pologne

Article Abstract:

Danisco Sugar, a subsidiary of the Danish company Danisco, has taken a 49% stake in the Polish sugar company Rolimpex Cukier. This acquisition is art of the group's strategy of taking non-majority share holdings. Rolimpex Cukier holds a 2% market share on the Polish sugar market and produced around 40,750 tonnes in 1997. Ultimately, Danone intends to hold 20% of the sugar market in Poland.

Comment:

Takes 49% stake in Polish sugar company Rolimpex Cukier

Poland, Danisco Sugar, Rolimpex Cukier

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