Europe’s Largest Sugar Producer Considers Takeovers

Europe’s largest sugar producer, Germany’s Suedzucker, is considering sugar industry takeovers in Brazil, India and Russia in the next two to four years, its new CEO Wolfgang Heer has said.

Acquisition possibilities in the European Union’s sugar industry were thin, Heer told Reuters.

“Outside the EU there are certainly interesting countries were we could strengthen our activities,” Heer said. “I am thinking for example about large sugar producers such as Brazil or India.”

Read the Reuters story.