The approval encompasses the sale of Danisco's German-based sugar and bioethanol plant in Anklam to the Dutch-based Cosun. For more information, please visit www.bundeskartellamt.de.
According to the contract concluded by Nordzucker and Danisco on 14 July 2008, the transaction is to be completed by the end of February 2009.
As announced yesterday, Nordzucker wishes to renegotiate the acquisition price as a consequence of the divestment of the Anklam site. We do not find this supported by the contract.
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