date:Oct 29, 2013
ASR Group, a cane sugar refining and marketing company, has purchased 50% stake in Italian sugar refinery SFIR Raffineria di Brindisi from EDF Man, a specialist merchant of agricultural commodities, for an undisclosed amount.
Built in 2010, the cane sugar refinery produces 450,000 tons of sugar per year. SFIR (Societa Fondiaria Industriale Romagnola) holds the remaining share of the refinery.
In a separate deal, ASR also bought 50% stake in sales company Euro SFIR Italia from SFIR Group.
ASR