Final approval by Bundeskartellamt of sale of Danisco Sugar
The approval encompasses the sale of Danisco's German-based sugar and bioethanol plant in Anklam to the Dutch-based Cosun. For more information, please visit www.bundeskartellamt.de.
According to the contract concluded by Nordzucker and Danisco on 14 July 2008, the transaction is to be completed by the end of February 2009.
As announced yesterday, Nordzucker wishes to renegotiate the acquisition price as a consequence of the divestment of the Anklam site. We do not find this supported by the contract.
We will issue a stock exchange notice as soon as the situation has been further clarified.
Danisco Deutschland GmbH
With a rich and innovative portfolio, Danisco is a world leader in food ingredients, enzymes and bio-based solutions. Using nature's own materials, science and the knowledge of our 9,500 people, we design and deliver bio-based ingredients that meet market demand for healthier and safer products. Danisco's ingredients are used globally in a wide range of industries - from bakery, dairy and beverages to animal feed, laundry detergents and bioethanol - offering functional, economic and environmental benefits. Headquartered in Denmark and operating from more than 120 locations, Danisco's key focus is to become our customers' First choice and a truly market-driven global business. In addition, we have one of the most efficient sugar production platforms in Europe. Find out more at www.danisco.com.