Reuters exclusively reports France’s Tereos seeks to exit ventures in China, Romania

Reuters exclusively reported that French sugar producer Tereos is seeking to exit its ventures in China and Romania as part of a wider move by the new management to divest some international assets to lighten the group’s heavy debt and boost profitability. Tereos, the world’s second largest sugar producer by volume, reshuffled its top management since an extraordinary meeting in December, in which its chief executive was dismissed. The new team, which had expressed strong concern about losses at some of Tereos’ international activities before taking over, said it was considering selling non-profitable or non-core assets but that it first wanted to do an audit of the group.