Ebro Puleva Could Use SunRice As Springboard For Emerging Market Expansion

Spain's largest food group, Ebro Puleva, has revealed that it is in exclusive negotiations to acquire Australia-based rice growers SunRice after bidding AUS$600mn (US$592mn) for the business. SunRice is currently controlled by a group of farmer-shareholders who would need to give their approval for the takeover to go ahead. The move would represent a significant expansion of Ebro's international operations and would give the firm a stronger entry point into the world's emerging markets, where it currently has limited

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