Ebro Puleva today (23 July) confirmed to just-food that it has not received a bid valued at EUR400m (US$637m) from a government-controlled savings bank for its sugar business.
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Contrary to local media reports, Spain’s largest listed food group said that it has not been approached by Cajas de Ahorros de Castilla y Leon.
“The reports that we have received a bid of EUR400m from this business are inaccurate,” a spokesperson for Ebro told just-food.
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By GlobalData
In May, Ebro confirmed that it was weighing up options for its sugar business, including a possible sale.
The company today declined to provide further information as to whether a sale is on the cards.
