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Wilmar to invest in Indian sugar refiner

Q4 earnings down 22.6% to US$369m on higher taxes

WILMAR International yesterday said that it is acquiring a stake in India's largest sugar refiner, confirming rumours that had been mounting for months.

The firm, which has made a big push into sugar in recent years, will be investing US$200 million in Shree Renuka Sugars through its...

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