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Greece - Cristal Union pays EUR40 mln for Hellenic Sugar

2013-05-14 09:21:37| Sugar Industry News

Cristal Union of France is the successful bidder for a majority share in the Hellenic Sugar Industry (HSI). In April the Agriculture Bank of Greece announced the agreement to transfer more than 30 mln common shares to Cristal Financire, a subsidiary of the French Sugar Cooperative. Cristal Union had offered a principal of EUR40 mln for the stake. KSC of Poland and Litex Commerce of Bulgaria have been selected as \"stand by\" candidates, pending final approval of the sale.

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