Exclusive talks on the sale of Italian electricity giant Edison’s 54% stake in French sugar company Beghin-Say are to be extended in order to give a consortium of sugar beet producers more time to raise the necessary cash.
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According to an announcement made by the parties on Friday, the negotiation period will now end on 30 September.
The sugar producers group said that it has already raised around €160m (US$157.6m), or 75% of the target price necessary to buy the stake.
