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Tereos, a Romanian sugar producer, will sell the company to two local investors

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Tereos TEREO.UL, a French producer of sugar, announced on Wednesday that two Romanian investors will take over the cooperative’s sugar operations in the nation, which it had previously planned to shut down.

According to a statement, the buyers are agri-food investors Mihail-Daniel Matache and Mihaela Neagu.

According to Tereos, the purchase was scheduled to be completed sometime next week.

Patrick Huston
Patrick Huston
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