Acquisition of Danisco Sugar: final agreement signed

Braunschweig / DE. (nag) Nordzucker AG and Danisco A/S signed a final agreement concerning the acquisition of Danisco´s sugar division, Danisco Sugar A/S. As already indicated some days ago, at the request of Nordzucker both parties have together analyzed again certain key financial data relating to the transaction, comparing this data with the agreement originally reached in July 2008; following this, changes have been made. The final purchase price for Danisco Sugar now is 730 million EUR (previously 750 million EUR). Nordzucker´s CEO Hans-Gerd Birlenberg expressed his satisfaction with this final agreement: «The key financial figures which have now been finalized for the acquisition of Danisco Sugar take due account of all the underlying conditions which in our opinion are of relevance. I am delighted that the necessary foundations are now all in place, so that Nordzucker can proceed to actively shape its future together with Danisco Sugar». With this acquisition, Nordzucker is strengthening its position as Europe´s second largest sugar producer on a long-term basis and is expanding its presence through the addition of an attractive and directly adjacent market with some 30 million inhabitants.