Associated British Foods PLC UK bioethanol joint venture Vivergo Fuels (7744D)
03 February 2015 - 6:07PM
UK Regulatory
TIDMABF
RNS Number : 7744D
Associated British Foods PLC
03 February 2015
Associated British Foods plc
UK bioethanol joint venture Vivergo Fuels
3 February 2015
Associated British Foods plc today announces that, in light of
the continuing fall in crude oil and bioethanol prices, and the
further weakening of the euro against sterling, it has taken the
decision to impair its investment in Vivergo Fuels Limited, its
wheat-fed bioethanol joint venture with BP and DuPont in the UK.
The interim results for the 24 weeks ending 28 February will
include a non-cash exceptional charge of GBP98m.
For further enquiries please contact:
Associated British Foods
John Bason, Finance Director Tel: 020 7399 6500
Flic Howard-Allen, Head of External Affairs
Citigate Dewe Rogerson
Chris Barrie, Shabnam Bashir Tel: 020 7638 9571
Notes to Editors
Associated British Foods is a diversified international food,
ingredients and retail group with sales of GBP12.9bn and 118,000
employees in 47 countries. It has significant businesses in Europe,
southern Africa, the Americas, China and Australia. It aims to
achieve strong, sustainable leadership positions in markets that
offer potential for profitable growth, and deliver quality products
and services that are central to people's lives. The business is
split into five segments: Sugar; Agriculture; Retail; Grocery; and
Ingredients.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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