Tate & Lyle Announces Completion of Sale of Interest in Mexican Sugar Business
As previously announced, the consideration for the sale is US$93 million (£47 million). The consideration will be used to reduce Group debt.
28/12/07 Tate & Lyle PLC announces that, following receipt of clearance under the Mexican Federal Economic Competition Law, the sale by its Mexican subsidiary (“Tate & Lyle Mexico”) of its 49% shareholding in Grupo Industrial Azucarero de Occidente, S.A. de C.V. to E D & F Man Holdings Limited has now completed.
The signing of the conditional agreement for the sale of Tate & Lyle Mexico’s interest in Occidente was announced on 8 October 2007. As previously announced, the consideration for the sale is US$93 million (£47 million). The consideration will be used to reduce Group debt.
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