Cargill eyes stake in Indonesia’s Sorini -sources

JAKARTA, Aug 24 (BestGrowthStock) – U.S. agribusiness trading giant
Cargill Inc [CARG.UL] is in talks to buy a stake in Indonesia’s
PT Sorini Agro Asia (SOBI.JK: ), the world’s No. 2 sorbitol
producer, two sources with knowledge of the talks told Reuters
on Tuesday.

Sorini, which has a stock market value of $234 million,
produces sorbitol, a sweetener used in toothpaste and chewing
gum, and includes Unilever (ULVR.L: ), Nestle SA (NESN.VX: ) and
Procter & Gamble Co (PG.N: ) among its customers.

“By taking control of Sorini, Cargill will have important
control of the sorbitol and starch-derivative products supply
chain,” one source told Reuters.

“The growth opportunities are promising, for both domestic
consumption and exports,” for example to China and India, the
source added.
($1=8965 Rupiah)
(Reporting by Janeman Latul, Editing by Sara Webb)

Cargill eyes stake in Indonesia’s Sorini -sources