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Savola eyes Turkey

This article was originally published in The Public Ledger

SAUDI-based Savola Group has created a joint venture firm to bid for six sugar mills being sold by the Turkish government. Savola Foods, 90% owned by Savola, and farmers' union Turkey Tarim Kredi will hold 40% each while the local Nesma Holding Company will have 20%. The plants have 500,000 tonnes of capacity but are only producing 300,000 tonnes currently.


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