Shake-up at Tate & Lyle

9 June 2000



Shake-up at Tate & Lyle

By FWi staff

TATE & LYLE has announced a shake-up with the sale of its Australian sugar business and may dispose of its US sugar operation.

The Australian operation was sold for A$425m (165m) and the US business could also go in a review of 500m-worth of under-performing assets.

The Financial Times reports that the group is also paying 274m to buy out minority shareholders in its Asylum and Staley starch business.