:. Food Industry News

Categories: Mergers and Acquisitions

Spain's Ebro Denies 400 Mln Euro Bid for Sugar Unit

Source: Raisio plc
23/07/2008

Madrid, July 22 - Spain's biggest-listed food producer Ebro Puleva said on Tuesday it had not received a 400 million euro ($637 million) offer for its sugar business from a government-controlled savings bank, as local media reported.

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Ebro denied reports, published in media it did not name, that it had received a non-binding offer from Cajas de Ahorros de Castilla y Leon.

The company first said in May it could sell its sugar business.



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