Tate

Food ingredients maker Tate & Lyle eyes business split in health push

The logo of Tate & Lyle compagny is seen on their European Innovation Centre in Villeneuve d’Ascq, France, September 26, 2018. REUTERS/Pascal Rossignol

Tate & Lyle (TATE.L) confirmed on Sunday it was exploring the sale of a controlling stake in its commercial sweeteners unit and separate it from its food and beverage solutions business as the food ingredients maker focuses on healthy products.

“If a transaction of this nature was completed it would enable Tate & Lyle and the new business to focus their respective strategies and capital allocation priorities,” the British company said in a statement on its website.

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