Harel Freres of Mauritius Expects Saint Andre Deal Approved
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Harel Freres Ltd., which produces 75 percent of Mauritius’s processed sugar, expects its shareholders to approve a merger with Saint Andre Sugar Estate Co. tomorrow, Louis Denis Koenig, the company secretary, said.
The Port Louis-based company intends to pay 470 million rupees ($15.3 million) in shares and cash for St Andre, Koenig said in an interview on Dec. 1.