Expansion To Follow As Illovo Rights Offer 99.4% Subscribed

South Africa's Illovo Sugar (the continent's largest sugar producer) is all set to take on large scale regional expansion projects after its ZAR3bn (US$400mn) rights offer was all but fully subscribed - no mean feat in the improving but still delicate economic climate. Raking in ZAR2.98, the successful issue verified investors' confidence in its highly promising enterprise, boosted no doubt by impending free-trade access to the EU (beginning October 2009).

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