Südzucker Interested in Ebro Puleva's Sugar Operations
According to press information German sugar producing company Südzucker is said to be considering Ebro Puleva's sugar division as a potential takeover target.
German Nordzucker and French Tereos
have both expressed an interest in Ebro’s sugar unit, which the
Spanish food group recently put up for sale. Nordzucker recently beat
Tereos to Danisco’ sugar operations. Tereos abandoned plans to bid
for Danisco Sugar, preferring to focus on alternative acquisition
targets instead.
Südzucker is the European leader with a 21%
share of the sugar market. The Danisco Sugar acquisition took
Nordzucker’s share to 16%, whilst Tereos currently accounts for 11%
of the European sugar market.
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