Germany’s second largest sugar refinery, Nordzucker, regards a price of EUR 700-1,000 mio. for Danisco’s sugar activities as realistic, writes the newspaper Frankfurter Allgemeine Zeitung.

The newspaper quotes Nordzucker’s CEO Hans-Gerd Berlenberg for saying that such a price level is realistic and that he considers the purchase essential in order to reach a critical market share of approximately 10 per cent.

- The consolidation of the European sugar sector is on the way into a decisive phase, he says to the newspaper.

With the buying of Danisco’s sugar activities Nordzucker will reach a market share of 16 per cent and thereby get closer to Germany’s largest sugar company Südzucker.