Danisco agrees to buy Cultor for 881m

02 March 1999

Danisco agrees to buy Cultor for £881m

THE Danish food group Danisco has agreed to buy Cultor, the Finnish ingredients company, for Dkr9.5 billion (£881m).

The move will create Europes sixth-biggest food company which will have its headquarters in Copenhagen.

The new Danisco will become the fourth-largest processor of sugar and sweeteners in Europe after Sudzucker of Germany, Frances Edidiana and British Sugar.

  • The Times 02/03/02/99 page 32 (Business Roundup)
  • Financial Times 02/03/99 page 27

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