Belgium: Axéréal invests EUR150 mln in expanding its malting business

Groupe Axéréal said on July 5 it had invested EUR150 mln in the expansion of its malting business, La France Agricole reported.

The company increased the capital of its malting division, Boortmalt, with the aim of “expanding its production capacities and the export volumes of its Antwerp plant”. Boortmalt also strives to support its brewing and distilling clients via “direct involvement in the production of barley and malt in such rapidly growing markets as Africa and Asia”, it said.

The capital increase was supported by investment companies Temasek and Unigrains, as well as the latter’s minority shareholder Tereos – France’s No. 1 producer of sugar.

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