Nordzucker to Bid for Danisco Sugar

Germany's second-largest sugar refiner Nordzucker is interested in buying the sugar arm of Danish group Danisco and “has the money to pay whatever it costs,” its CEO told financial daily Borsen.

 Nordzucker want to actively take part
in the last phase of consolidation in the European sugar industry,
geographically, the best fit is to buy something in northern Europe,
so Danisco Sugar fits very well.

French sugar producer Tereos is also
interested in buying Danisco's sugar unit, its chief executive told
Reuters earlier this year. According to Borsen, Tereos and Nordzucker
will submit their bids on Monday. Danisco is expected to pick a buyer
by June 23 when it releases its next quarterly report.
The Danish
sugar and ingredients group wants to spin off its sugar business by
the end of the year either through an independent listing or an
outright sale.