Sugar Giant Tereos Expels Three Members Amid Strategy Row
date:Aug 20, 2018
mount a legal challenge.

We are outraged by the decision, he said by telephone. We are being expelled for asking what the real financial situation of the group is.

The row centers on Tereos overseas investments in recent years, both in sugar and other areas like starch making.

The group says such activities have contributed to the bulk of its operating profits, while the dissident members argue diversification has been loss-making and has led to Tereos having lower profit margins than Europe
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