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.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
