Tate & Lyle PLC said Monday that it is in the process of exploring the potential separation of its food & beverage solutions, as well as its primary products businesses, and that this would be through a sale of a controlling stake in its primary products business to a new long-term financial partner.
The food-and-drink ingredients supplier said it was in early-stage discussions with potential new partners for the primary products business, and that there could be no certainty that a transaction will take place.
"The board believes that if a transaction of this nature was completed it would enable Tate & Lyle and the new business to focus their respective strategies and capital allocation priorities and create the opportunity for enhanced shareholder value," the company said.
The London-listed company said it was responding to recent media speculation.
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April 26, 2021 at 01:19PM
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Tate & Lyle Mulls may separate some units - MarketWatch
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