German sugar company Suedzucker is selling its 14.2% stake in Spanish food group Ebro Puleva, according to a regulatory filing.
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The company is selling the shares to financial institutions, for between €8.60 and €9.10 per share, valuing the deal at approximately €188m-200m (US$233m-248m), Reuters reported, citing market sources.
The 14.2% stake, equivalent to almost 22 million share, was held by Suedzucker’s French unit Saint Louis Sucre.
