Danisco completes sale of Danisco Sugar

Danisco A/S says it has closed the sale of Danisco Sugar A/S to Nordzucker AG.

The sale of the sugar activities is a decisive step towards transforming Danisco into a focused, bio-based and market-driven ingredients provider.

The sale of Danisco Sugar was concluded at a sales price of DKK 5.45 billion ($0.92 billion) based on a normalised working capital to which should be added an amount receivable from the EU of DKK 0.37 billion.

The sale of the sugar activities will be booked in Q3 2008/09.