23rd Apr 2007 08:30
23 April 2007 - Completion of sale of Canadian sugar refining business Tate & Lyle PLC ("Tate & Lyle") announces that it has completed the sale of Tate& Lyle Canada Ltd ("Redpath") to American Sugar Refining, Inc. The signing of aconditional agreement for this disposal was announced on 14 February 2007. Theeffective date for this transaction is 22 April 2007. The net consideration for Redpath is £131 million (C$298 million), subject toclosing adjustments relating to working capital. The consideration will be usedto reduce Group debt. CONTACTS \* TMark Robinson, Director of Investor RelationsTel: +44 (0)20 7626 6525 or Mobile: +44 (0)7793 515861 Ferne Hudson, Head of Media and Public RelationsTel: +44 (0)20 7626 6525 or Mobile: +44 (0)7713 067433\* T About Tate & Lyle: Tate & Lyle is a world leading manufacturer of renewable foodand industrial ingredients. It uses innovative technology to transform corn,wheat and sugar into value-added ingredients for customers in the food,beverage, pharmaceutical, cosmetic, paper, packaging and building industries. The Company is a leader in cereal sweeteners and starches, sugar refining, valueadded food and industrial ingredients, and citric acid. Tate & Lyle is the worldnumber-one in industrial starches and is the sole manufacturer of SPLENDA(R)Sucralose. Headquartered in London, Tate & Lyle is listed on the London Stock Exchangeunder the symbol TATE.L. In the US its ADRs trade under TATYY. The Companyoperates more than 65 production facilities in 29 countries, throughout Europe,the Americas and South East Asia. It employs 7,000 people in its subsidiarieswith a further 4,800 employed in joint ventures. Sales in the year to 31 March2006 totalled £3.7 billion. Additional information can be found on this websitewww.tateandlyle.com. SPLENDA(R) and the SPLENDA(R) logo are trademarks of McNeil Nutritionals, LLC Copyright Business Wire 2007Related Shares:
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