Südzucker AG Places €500m Bond For European Investors
Europe’s largest sugar producer, Südzucker AG, has announced the placing a €500 million bond to European investors via its Dutch subsidiary Südzucker International Finance B.V.
The senior bond has a maturity of eight years and a coupon of 1.0% and will be listed on the regulated market on Luxembourg stock exchange, the company said.
Due to its denomination of €1,000, it will also be attractive to private investors, the sugar producer said.
The Südzucker Group employed about 16,900 people and generated €6.5 billion in 2016/27. It operates 29 sugar factories and two refineries in countries across western and eastern Europe.
The company's special products segment, consisting of the functional ingredients for food and animal feed (BENEO), chilled/frozen products (Freiberger), portion packs (PortionPack Europe) and starch divisions, is an important growth driver, it said.
The CropEnergies segment covers the bioethanol activities in Germany, Belgium, France and the UK. In the fruit segment, the group operates internationally, is the world market leader in fruit preparations and is a leading supplier of fruit juice concentrates in Europe, it said.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Kevin Duggan. Click subscribe to sign up to ESM: The European Supermarket Magazine.