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Wednesday, 29 June 2016
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Agrana wishes to take over Kostic's Sunoko – Letter of intent signed with Agri Europe Cyprus
The Austrian concern forthe production of sugar, starch and fruit Agrana intends to take overthe majority share of the Serbian sugar manufacturer Sunoko,announced the Austrian concern today.A letter of intent wassigned with the owner of Sunoko, the company Agri Europe Cyprus,to the end of reaching the agreement on the takeover of the majorityshare, clarifies the announcement by Agrana.Sunoko, as Agrana pointsout, is the largest sugar beet processing company in the Balkans.Following the approval bythe Managing Board of Agrana, the permit by the competent stateinstitutions is needed to sign the agreement on the takeover, theannouncement adds.Agrana is present, more
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