US agribusiness group Cargill is slated to take a 56% stake in Turkish starch manufacturer Pendik Nisasta.
Cargill plans to acquire UK starch and sweetener producer Cerestar, which holds a 50% stake in Pendik Nisasta. The remaining 50% is held by Turkey’s Ulker, Cerestar’s joint venture partner.
The sale of the majority stake in Cerestar to Cargill has yet to be finalised, but is expected to complete within two months.
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
