Financial Times FT.com

ABF sells Polish unit in European ‘tidy-up’

By Andrea Felsted, Retail Correspondent

Published: August 12 2009 04:18 | Last updated: August 12 2009 04:18

Associated British Foods has agreed to sell its Polish sugar business to Pfeifer & Langen.

No price was disclosed for the deal but John Bason, ABF finance director, said the Polish unit had sales of about £100m ($165m) a year and was profitable. It also had gross assets of £200m at August 31 2008.

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