Even as the German competition authorities gave their final approval for Nordzucker’s acquisition of Danisco’s sugar unit the deal could be thrown into question, it emerged today (18 February).
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Competition approval was granted after Danisco sold its German-based sugar and bioethanol plant in Anklam to the Dutch-based Cosun.
Originally, Nordzucker and Danisco had said that they expected the deal to close by the end of February.
However, Nordzucker said yesterday that it wants to renegotiate the acquisition price as a result of the Anklam sale.
A spokesperson for Danisco indicated the company’s reluctance to consent to this.
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By GlobalData“We do not believe the agreement reached requires this,” the spokesperson said.
Danisco added that there was little doubt that the deal would go ahead.
