USA: Cargill to take control of Turkish starch producer via Cerestar acquisition
US agribusiness group Cargill is slated to take a 56% stake in Turkish starch manufacturer Pendik Nisasta. Cargill plans to acquire UK starch and sweetener producer Cerestar, which holds a 50% stake in Pendik Nisasta. The remaining 50% is held by Turkey's Ulker, Cerestar's joint venture partner.
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