Austrian AGRANA Beteiligungs-AG, a round 50 percent Südzucker participation, intends a strategic partnership with the shareholders of Serbian company Sunoko d.o.o. and has therefore signed a term sheet with regard to achieving agreement about majority participation.
The next step consists of due diligence processes. The conclusion of the contract is subject to the approval of the supervisory board of AGRANA Beteiligungs-AG and the supervisory board of Südzucker AG. This partnership is also subject to subsequent approval by the anti-trust authorities.
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