Mauritius-listed sugar refiner Omnicane has upped its stake in UK food ingredients supplier The Real Good Food Co.
In an announcement to the London Stock Exchange today (27 March), Real Good Food said Omnicane had paid over GBP168,000 (US$268,000) for around 8.4m shares in the company.
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The purchase, made through its Omnicane International Investment subsidiary, took the refiner’s stake in Real Good Food from 2.93% to 12.97%.
Real Good Food, which distributes sugar and supplies bakery ingredients to manufacturers, saw its shares close down 3.28% at 59 pence today. Over the last 12 months, Real Good Food’s shares are up 33%.
Earlier this month, the company, which also makes desserts for UK retailers and owns the Whitworths sugar brand, reported an increase in half-year profits and sales.
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