28th Dec 2007 11:19
28 December 2007 - Tate & Lyle PLC Completion of sale of interest in Mexican sugar business Tate & Lyle PLC announces that, following receipt of clearance under the MexicanFederal Economic Competition Law, the sale by its Mexican subsidiary ("Tate &Lyle Mexico") of its 49% shareholding in Grupo Industrial Azucarero deOccidente, S.A. de C.V. ("Occidente") to E D & F Man Holdings Limited has nowcompleted. The signing of the conditional agreement for the sale of Tate & Lyle Mexico'sinterest in Occidente was announced on 8 October 2007. As previously announced,the consideration for the sale is US$93 million (£47 million). The considerationwill be used to reduce Group debt. For more information contact Tate & Lyle PLC: Tim Lodge, Director of Investor RelationsTel: 020 7626 6525 or Mobile: 07798 837317 Ferne Hudson, Head of Media and Public RelationsTel: 020 7626 6525 or Mobile: 07713 067433 About Tate & Lyle: Tate & Lyle is a world leading manufacturer of renewable food and industrialingredients. It uses innovative technology to transform corn and sugar intovalue-added ingredients for customers in the food, beverage, pharmaceutical,cosmetic, paper, packaging and building industries. The Company is a leader incereal sweeteners and starches, sugar refining, value added food and industrialingredients, and citric acid. Tate & Lyle is the world number-one in industrialstarches 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 50 production facilities throughout Europe, the Americas andSouth East Asia. In the year to 31 March 2007, it employed 6,900 people in itssubsidiaries with a further 2,300 employed in joint ventures. Sales in the yearto 31 March 2007 totalled £4.0 billion. Additional information can be found onhttp://www.tateandlyle.com. SPLENDA(R) is a trademark of McNeil Nutritionals, LLC Copyright Business Wire 2007Related Shares:
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