Investment Summary

Associated British Foods Invests In Illovo Sugar

On May 19, 2006, Associated British Foods invested in food company Illovo Sugar

Investment Highlights
  • This is Associated British Foods’ 2nd transaction in the Food sector.
  • This is Associated British Foods’ 1st transaction in South Africa.

Investment Summary
Date 2006-05-19
Target Illovo Sugar
Sector Food
Investor(s) Associated British Foods
Deal Type Stake Purchase

Target

Illovo Sugar

Durban, South Africa
Illovo Sugar Ltd. is a sugar producer and manufacturer of downstream products. High-value products manufactured downstream of the sugar production process are sold internationally into niche markets.

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Investor(S) 1

Investor

Associated British Foods

London, United Kingdom
Category Company
Founded 1935
Sector Food
Employees133,000
Revenue 19.8B GBP (2023)
DESCRIPTION

ABF is a group of businesses which enjoy a high degree of autonomy in the running of their operations. They are grouped into five business segments: sugar; agriculture; retail; grocery; and ingredients. Associated British Foods was incorporated in 1935 and is based in London, the United Kingdom.

DEAL STATS #
Overall 3 of 7
Sector (Food) 2 of 5
Type (Stake Purchase) 1 of 2
Country (South Africa) 1 of 2
Year (2006) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 HP Foods’ Ethnic Foods business

United Kingdom

The HP Foods Ethnic Food business supplies a wide range of owned and agency brands to the Chinese, Indian and Thai restaurant sector.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-30 Azucarera Ebro S.L.

Madrid, Spain

Azucarera was the second largest Spanish manufacturer of sugar.

Buy €385M
Mergr

Product

Company

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