Ibersuizas to bid for SOS rice division
According to market sources, Spanish private equity investor Ibersuizas is set to present a bid for the rice division of food group SOS.
The sale which is being organised by Credit Suisse is said to value the division at €150-200m and would be structured as a management buyout.
Other parties interested in the business include trade player Ebro, which has an established position in the global rice market; Brazilian group Tio Joao, Italy's Riso Gallo and Scotti and Australia's Sunrise.
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