German Sudzucker set to gain 1/4 of Polish sugar market
German sugar concern Sudzucker has bought 99.7% of French Saint-Louis Sucre
(SLS), the formal owner of the Silesia-based sugar mills, Slaska Spolka
Cukrowa, for euro 1.5 billion, becoming the second largest player in the
Polish sugar sector after Polski Cukier (Polish Sugar). Sudzucker, which
already owns five sugar mills in the South of Poland, is now in line to gain
control of over 25% of the whole Polish sugar market, after it becomes the
legal owner of SLS-held Slaska Spolka Cukrowa. The latter is a bone of
contention between the company and the Interior Ministry, which has to give
its consent for the deal but has so far resisted. SLS has already appealed
to the Supreme Administrative Court to rule on whether the deal should be
given the "go-ahead"; a verdict is expected on July 12. The controversy was
ignited by MP, Gabriel Janowski, who has lobbied against the sale of the
sugar mills into foreign hands, insisting they should instead be
incorporated into Polski Cukier. (Gazeta Wyborcza, June 30-July 1, p. 24)
J.K.