A Chinese farm and chemical group is in the process of buying
Danish speciality fats business Aarhus United, and the deal could
close by the end of the month, according to reports in the Danish
press.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
United International Enterprises Limited (UIE), the majority
stakeholder in vegetable oil firm Aarhus United, confirms it will
sell its considerable stake in the Danish firm, due to be divested
by January 2005.
The majority shareholder in Danish vegetable oil firm Aarhus United
could soon place its considerable stake on the market, citing a
potential difference in long-term investment interests.
First half sales at Aarhus United fell 3 per cent, eroded by price
competition in bulk oils, but improved volumes, particularly in
Mexico, and reduced costs helped it generate solid operating
profits.
Expecting a higher uptake of vegetable fats by European chocolate
manufacturers following the new '5 per cent' chocolate rule, Danish
oils and fats supplier Aarhus United sees a drop in income for
2003, compounded by currency...