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French company Cristal Union acquires 17% stake in group Viro

France’s Cristal Union Group has acquired a 17% stake in Croatia’s largest sugar producer, Viro’ Tvornica, according to a Viro press release.

Cristal Union declared to the press that indicated that the equity stake in the Viro strengthens the strategy of its subsidiary Cristalco, already present in Spain, Greece and Italy.

The Viro group a turnover of €150 million, processing/refining some 200,000 tonnes sugar from its two plants annually.

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