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Ebro seeks sugar deal

This article was originally published in The Public Ledger

SPAIN'S Ebro Puleva has proposed to sell or spin-off its sugar business within the next couple of years.The move, which is timed to take advantage of relative stability in the European sugar industry compared with past years of quota and export slashing reform, would reduce group revenues to €2.03bn ($3bn) from €2.69bn, based on 2007 financial results.



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