Sugar Giant Tereos Expels Three Members Amid Strategy Row
date:Aug 20, 2018
an peers.

The row escalated this year when Gerard Clay and another member failed to get elected to the board. This was followed by the resignation of nearly all local Tereos representatives in three regions, and an exchange of arguments by the opposing sides via the press.


Tereos filed legal complaints for defamation.

The group, which last season became the worlds second-largest sugar maker, said in June it was considering opening up its capital to an international partner as it seeks to con
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