USA: Tate & Lyle PLC - Sale of Tate & Lyle Bundaberg and Associated Businesses
Tate & Lyle, a world leader in sugar, cereal sweeteners and starches, today announced that it has agreed to sell its wholly-owned Australian sugar business, Tate & Lyle Bundaberg ("Bundaberg"), and associated businesses, to Belgium-based Societe Financiere des Sucres s.a. ("Finasucre"). The consideration is A$425 million ((pound)162 million), debt free, subject to adjustments.
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