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KSA-backed sugar firm to raise $ 200 million

2013-04-29 09:19:15| Sugar Industry News

KHARTOUM: Kenana, Sudan\'s biggest sugar producer, plans to raise around $ 200 million in an initial public offering in Johannesburg next year, its managing director said. Mohamed El-Mardi El-Tegani said Kenana wanted to raise around $200 million. The firm, which is mainly owned by the governments of Kuwait, Saudi Arabia and Sudan, has appointed Russia-focused Renaissance Capital and Dubai investment bank Shuaa Capital to manage the offering.

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