date:Jul 31, 2019
ainty after several seasons of poor milling performance. Mackay Sugar states that it hopes that the acquisition by the European manufacturer will bring a rapid and positive end to questions about the companys overall financial viability, after a perilous financial situation in 2017.
Nordzucker is to contribute equity capital in the amount of AU$60 million (US$42.5 million) for the 70 percent stake in the share capital. Mackay Sugar is also to receive an additional shareholder loan of up to AU$6