UK: Tate & Lyle completes sales of stake in East Asia Properties
UK sugar and sweeteners giant Tate & Lyle PLC revealed earlier today [Tuesday] that it has completed the sale of its 15% stake in East Asia Properties (EAP). The stake was sold for £3.6m (US$5.11m) to East Asia Sugar Investment Ltd, which is a subsidiary of AEP’s majority shareholder, the Mitr Phol Sugar Corporation.
UK sugar and sweeteners giant Tate & Lyle PLC revealed earlier today [Tuesday] that it has completed the sale of its 15% stake in East Asia Properties (EAP).
The stake was sold for £3.6m (US$5.11m) to East Asia Sugar Investment Ltd, which is a subsidiary of AEP’s majority shareholder, the Mitr Phol Sugar Corporation.
Tate & Lyle revealed that the proceeds will be put towards paying off group debt.
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