Tereos to close Romanian sugar factory after takeover talks fail

Reuters

Friday, September 30, 2022

French sugar and ethanol group Tereos has decided to close and dismantle its factory in Romania after talks with a local company interested in taking over the plant failed to go through, a spokesperson said. Tereos, the world's second largest sugar producer by volume, had said earlier this year it was planning to shut its Ludus factory. The Romanian agriculture minister at the time later said he was in contact with Tereos to try and save the sugar factory. "The Romanian Minister of Agriculture had seconded a private company to study the purchase of Tereos Romania. We were open to this possibility," a Tereos spokesperson told Reuters. "But the private company told us that it was unable to pursue the acquisition project," she added. "The question was not the price, mainly the timing. They had missed a (sugar beet) campaign."

Click here to connect to the source of this storyClick here for more News and Views

As I browse the web researching various topics concerning the EU and UK sugar markets, I've been bookmarking interesting weblinks. Some of these are news clippings, some are links to official documents, and some are interesting data sources.

It's really easy (and anonymous) to subscrible to this EU and UK News & Views feed with RSS. Add this address to your favourite RSS reader:
https://www.julianprice.com/news-clippings/rss.xml

Disclaimer

This disclaimer is applicable to all content accessible via this website which, by accessing the website and/or subscribing and/or reading the occasional reports, we hereby deem you to have read and accepted in full: Any comments, opinions or data visualizations herein are not intended to be an offer to buy or sell commodities or futures and options thereon as they merely state our views and carry no guarantee as to their accuracy. We make no representation or warranty whatsoever that the information contained herein is accurate, complete, fair or correct. All information, prices or projections are subject to change without notice. This information is not intended to be construed as investment advice. We do not accept any liability or loss or damage arising from any inaccuracy or omission in or the use of or reliance on the information herein.