Tereos has pulled out of the race to acquire Danisco’s sugar business, the French company said in a statement today (20 June).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Saying that it would look at alternative acquisitions, Tereos said: “After careful consideration of the Danisco Sugar case, Tereos reached the conclusion that too many uncertainties were attached to the bid process.


“Tereos will pursue the group’s ambition to consolidate its global leadership position and will continue to evaluate the alternative assets that are up for sale,” it said.


The move sees Germany’s Nordzucker remain as the only contender left in the bidding process.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now