Deals
Commodity Trader ED&F Man Plans to Sell Sugar Assets
- Trader wants to sell under-performing assets, people say
- Division that houses sugar assets posted another loss
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Commodities trader ED&F Man Holdings Ltd. plans to sell some of its sugar assets as the business struggles to make money amid thin industry margins, according to people familiar with the matter.
The London-based trader, best known for hauling the sweetener and coffee around the globe, plans to sell under-performing sugar assets, said the people, who asked not to be identified because the plan is private. ED&F Man’s agro-industrials division, which contains the assets, lost money in the six months ended March 31 after a loss in the same period a year earlier, the people said.