18th Mar 2016 07:21
LONDON (Alliance News) - Associated British Foods PLC on Friday said discussions are continuing over its potential acquisition of the remaining shares in Illovo Sugar Ltd that it does not already own.
AB Foods, which owns discount fashion retailer Primark as well as British Sugar, along with agriculture and consumer goods businesses, currently holds a 51.4% interest in Illovo, a large South African sugar producer.
"Shareholders are reminded that at this stage there can be no certainty that the discussions will result in a transaction. A further announcement will be made in due course," AB Foods said.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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