Danish sugar and ingredients giant Danisco has completed a share buyback that saw its stake increase to 7.12% of the share capital of nominal Dkr1.164bn (US$142.4m).

Its holding was previously 5.06%, the company said yesterday [Monday].

Danisco added that it would use the bought-back shares to further develop its capital structure, to facilitate financing and takeovers, or to sell or transfer in other ways.