Suedzucker sees no consequences from EU antitrust search

Germany-based Suedzucker , Europe’s largest sugar company, said it did not expect any consequences from a recent search of its premises by European antitrust investigators.

Several white sugar producers were raided by regulators in April on suspicion of taking part in a cartel, the European Union’s antitrust chief said earlier this week.

The raids came amid complaints about unfair trading practices in the food industry, which prompted the European Commission to set up a task force to investigate alleged anti-competitive practices.

Suedzucker earlier on Thursday reported a 30 percent jump in profit for its 2012/13 financial year.

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