Top sugar producer Tereos is to close and dismantle its factory in Romania after talks with a local company interested in taking over the plant failed to go through, reported Reuters. Following the decision by Tereos earlier this year to shut its Ludus Sugar Factory, the Romanian agriculture minister tried to save the sugar factory. "The Romanian Minister of Agriculture had seconded a private company to study the purchase of Tereos Romania. We were open to this possibility," said a Tereos spokesperson. "But the private company told us that it was unable to pursue the acquisition project," she added. "The question was not the price, mainly the timing. They had missed a (sugar beet) campaign."
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