EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Joint
Venture
AGRANA and INGREDION plan joint venture in Romania
02.12.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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AGRANA and INGREDION plan joint venture in Romania
AGRANA Stärke GmbH, a subsidiary of AGRANA Beteiligungs-AG, has signed a
joint venture agreement with starch producer INGREDION Germany GmbH for
the joint further development of starch production in Romania. On the
basis of the agreement, which is subject to the approval by the competent
competition and regulatory authorities, INGREDION Germany GmbH will
acquire 49% of the shares in S.C. AGFD Țăndărei s.r.l. from AGRANA Stärke
GmbH.
“We want to drive our growth in Europe by entering into a joint venture
and we believe INGREDION is the ideal partner for this. The collaboration
combines our different expertises in starch production and fits perfectly
with our Group strategy 'Next Level'. We’re implementing the strategy step
by step, and strengthening our commodity and specialty business
consistently, is a central aspect,” explains Stephan Büttner, CEO of
AGRANA Beteiligungs-AG.
Further details on AGRANA's joint venture with INGREDION in Romania will
be announced after the approval of the transaction by the competent
competition and regulatory authorities.
About AGRANA
AGRANA converts agricultural raw materials into high-quality foods and
numerous industrial intermediate products. Around 9,000 employees at 53
production sites worldwide generate annual Group revenue of around € 3.8
billion. Established in 1988, the company is the global market leader in
fruit preparations and the world's leading producer of apple and berry
juice concentrates. As well, its Starch segment is also a major
manufacturer of custom products (made from potato, corn and wheat) and of
bioethanol. AGRANA is the leading sugar producer in Central and Eastern
Europe.
With its three Austrian plants in Aschach/Donau (Upper Austria), Gmünd
(Lower Austria) and Pischelsdorf (Lower Austria) as well as a plant in
Țăndărei (Romania) and Szabadegyhaza (Hungary), AGRANA Stärke GmbH
operates a total of five production sites and and has established itself
in customized starch applications. In the past financial year, the Starch
division accounted for almost one third of the group´s turnover, with €
1.1 billion.
About INGREDION
INGREDION Germany GmbH is active in the development and production of
various specialty starches that are used as functional ingredients in the
production of a variety of food products. INGREDION Germany GmbH is part
of the INGREDION group, a global provider of ingredient solutions. The
INGREDION group of companies produces starches, sweeteners and other
ingredients from renewable raw materials such as corn, tapioca and the
stevia plant and supplies customers in the food and beverage, pet food,
pharmaceutical and paper industries.
For queries, please contact:
Markus Simak, Public Relations
+43 1 21137 12084, (1)markus.simak@agrana.com
Hannes Haider, Investor Relations
+43 1 21137 12905, (2)hannes.haider@agrana.com
This announcement is available in German and English at (3)www.agrana.com.
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02.12.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: AGRANA Beteiligungs-Aktiengesellschaft
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
Austria
Phone: +43-1-21137-0
Fax: +43-1-21137-12926
E-mail: investor.relations@agrana.com
Internet: www.agrana.com
ISIN: AT000AGRANA3
WKN: A2NB37
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 2041713
End of News EQS News Service
2041713 02.12.2024 CET/CEST
References
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1. mailto:markus.simak@agrana.com
2. mailto:hannes.haider@agrana.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=98c6acb000de72c0e54794dacfc4d9f8&application_id=2041713&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
