date:May 17, 2012
icy, said: The current high prices and scarcity of sugar across the EU make it all the more important to maintain competition on the already concentrated European sugar markets.
The divestment of the Brindisi refinery ensures that the merged entity will face a viable competitor in the Italian market, he continued.
Germany company Sdzucker, the market leader in Italy, would control over 50% of the Italian market if it were to hold on to the Brindisi refinery, the second biggest raw cane sugar