Acquisition of Illovo minority interest update
25 May 2016
Further to the announcement on 8 April 2016, Associated British Foods plc (“ABF”) today confirms that its proposal to move to full ownership of Illovo Sugar Limited (“Illovo”) has received the requisite shareholder approvals in South Africa, at a shareholder General Meeting held on 25 May 2016.
The transaction is expected to complete on 28 June 2016 with shares in Illovo ceasing to trade on the Johannesburg Stock Exchange from that date.
For further enquiries please contact:
Associated British Foods
John Bason, Finance Director
Flic Howard-Allen, Head of External Affairs
Tel: 020 7399 6500
Tel: +27 82 45 24 389
UK & other media
Citigate Dewe Rogerson
Chris Barrie, Eleni Menikou
Tel: +44 20 7638 9571