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.