Italian agro-energy giant Montedison released a statement late yesterday [Monday] to the effect that its sugar unit, Eridania, will be sold “in the next few weeks”.
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Eridania is controlled by French subsidiary Beghin-Say.
Currently in the process of selling its non-core assets to focus on its main energy business, Montedison added that it is awaiting antitrust approval by the EU Commission for the sale of its units Cerestar and Agora.
