Tate & Lyle considers selling controlling stake in Primary Products business

Tate & Lyle, PLC is exploring the possibility of separating its Food & Beverage Solutions business from its Primary Products business by selling a controlling stake in the Primary Products business to a new long-term financial partner. The board of directors for the London-based company believes such a transaction could enable Tate & Lyle and the new business to focus their respective strategies and capital allocation priorities and create opportunity for enhanced shareholder value.