Divestment of Anklam to Royal Cosun
ATRIUM Partners advised Nordzucker AG
Divestment of Anklam to Royal Cosun
Sector(s) : Consumer goods
Date : March 2009
Advisor(s) : Atrium Partners
Advised : Sell Side
Mid-Capital partner ATRIUM Partners advised Nordzucker AG
ATRIUM Partners A/S has advised Nordzucker AG in connection with the sale of Danisco Sugar GmbH (Anklam) to Royal Cosun.
The transaction was conditional upon closing of Nordzuckers acquisition of Danisco Sugar A/S in order to fulfil the German Federal Cartel Office requirements to an approval of Nordzuckers acquisition of Danisco Sugar.
The German Federal Cartel Office announced end of 2008 that an approval of Nordzuckers acquisition of Danisco Sugar was conditional upon a sale of Danisco Sugar’s activities in Germany (the sugar factory in Anklam).
Upon the divestment of Anklam the German Federal Cartel Office announced ultimo February that Nordzuckers acquisition of Danisco has been approved.
Danisco Sugar GmbH owns two factories producing sugar and bio ethanol situated in the city of Anklam in the German state Mecklenburg-Vorpommern. The sugar quote in Anklam is 115.000 ton compared to a total quota of 966.000 ton for Danisco Sugar.
Royal Cosun produces and sells natural ingredients and foodstuffs for the international food industry (incl. sugar, industrial alcohol, potato products and compound ingredients) and is the largest and sole producer of sugar in the Netherlands.
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