date:Feb 12, 2019
Nordzucker is set to acquire a 70 percent majority stake in Australia's second-largest sugar producer, Mackay Sugar Limited. Nordzucker reports it is building up its production capacities outside of Europe and pursuing its strategy of focusing on sugar production from sugar beet and sugar cane. The transaction is subject to the approval of Mackay Sugars shareholders and other conditions, including the sale of one of the four sugar factories.
Nordzucker is to contribute equity capital in the amo