Food ingredients group Danisco said today (20 February) that it has agreed to trim the asking price for its sugar business.

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The Denmark-based firm said it had agreed to sell Danisco Sugar to Germany’s Nordzucker for DKK5.45bn (US$940.6m) – down slightly from the original agreed price of DKK5.45bn.


The price was cut due to Danisco’s sale of a sugar and bioethanol plant in Germany to Dutch firm Cosun, a transaction that was necessary to secure approval of the Nordzucker deal from German regulators.


Nordzucker will formally acquire Danisco Sugar on 2 March.

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