Business
Acquisition of Illovo minority interest
Acquisition of Illovo minority interest.
About this update from Associated British Foods Plc
[{"type":"text","content":"\n \nRNS Number : 1225Z Associated British Foods PLC 25 May 2016 \n\nAssociated British Foods plc\n \nAcquisition of Illovo minority interest\n \nFor immediate release 25 May 2016\n \nFurther to the announcement on 8 April 2016, Associated British Foods plc (\"ABF\") today confirms that its proposal to move to full ownership of Illovo Sugar Limited (\"Illovo\") has received the requisite shareholder approvals in South Africa, at a shareholder General Meeting held on 25 May 2016.\n \nThe transaction is expected to complete on 28 June 2016 with shares in Illovo ceasing to trade on the Johannesburg Stock Exchange from that date.\n \nFor further enquiries please contact:\n \nAssociated British Foods\nJohn Bason, Finance Director\nFlic Howard-Allen, Head of External Affairs\nTel: 020 7399 6500\n\nAfrican media\nAprio\nJulian Gwillim\nTel: +27 82 45 24 389\n \nUK & other media\nCitigate Dewe Rogerson\nChris Barrie, Eleni Menikou\nTel: +44 20 7638 9571\n \n \nNotes to editors:\n \n1. ABF is a diversified international food, ingredients and retail group with sales of £12.8bn and 124,000 employees in 48 countries. It has significant businesses in Europe, southern Africa, the Americas, China and Australia. It aims to achieve strong, sustainable leadership positions in markets that offer potential for profitable growth, and deliver quality products and services that are central to people's lives. The group operates in five business segments: Sugar, Agriculture, Retail, Grocery and Ingredients.\n \n2. AB Sugar, an operating division of ABF, is an industry leading group in the international markets for sugar and sugar derived co-products. It has operations in the United Kingdom, Spain, southern Africa and China with an annual proc...