Dutch company Sebeco is in talks to buy the Timashevsk Sugar Plant in the Samara region, according to the local administration.
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Since becoming bankrupt, the plant has been idle for several years, however the Samara region is hoping that a new owner will put US$10m into restarting operations in October, the season of large-scale sugar beet processing.
The regional administration told Interfax that “a deal [with Sebeco] is currently being formalised.”
