FRANKFURT Feb 25 Z&S Zucker und Staerke, a
joint venture of Germany's Suedzucker and Zucker
Beteiligungsgesellschaft, has increased its stake in Austrian
sugar, starch and fruit group Agrana, Suedzucker said
in a statement on Tuesday.
Z&S has bought a 10.6 percent stake from Prudential Plc
, bringing increasing its total share in Agrana to 86.1
percent of voting rights, it said.
In addition, Suedzucker directly acquired a 5 percent stake,
which it said would be placed on the market subsequently to
increase the free float and liquidity of Agrana.
Agrana in September reported a 24 percent drop in its
first-half operating profit to 108 million euros ($148.32
million) due to higher commodity prices.