AB Foods sells Polish sugar business

11th Aug 2009 14:24

Associated British Foods has agreed to sell its Polish sugar business, BSO Poland, to Pfeifer & Langen for an undisclosed sum. Completion of the transaction is subject to regulatory approval and is expected to occur in late 2009.Producing over 150,000 tonnes of sugar, BSO Poland is currently the fourth largest sugar producer in Poland. The group's gross assets were £200m as at 31 August 2008.