Associated British Foods PLC Statement re Illovo Sugar Limited
February 08 2016 - 9:42AM
Dow Jones News
TIDMABF
RNS Number : 4055O
Associated British Foods PLC
08 February 2016
Associated British Foods plc
Announcement regarding Illovo Sugar Limited
For immediate release 8 February 2016
Shareholders are referred to the announcement released today by
Illovo Sugar Limited ("Illovo"), Associated British Foods plc
("ABF") 51.35% held subsidiary, whereby it confirms ABF has made a
non-binding expression of interest to Illovo, to potentially
acquire all the remaining issued ordinary shares of Illovo that ABF
does not already own. ABF intends to make an offer of ZAR20 per
Illovo ordinary share, to be settled in cash to all other
shareholders.
At this stage there can be no certainty that the discussions
will result in a transaction. A further announcement will be made
in due course.
For further enquiries please contact:
Associated British Foods
John Bason, Finance Director
Flic Howard-Allen, Head of External Affairs
Tel: 020 7399 6500
UK & International media
Citigate Dewe Rogerson
Chris Barrie, Eleni Menikou
Tel: +44 20 7638 9571
African media
Aprio
Julian Gwillim
Tel: +27 82 45 24 389
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 08, 2016 09:27 ET (14:27 GMT)
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