CSM sells stake in Nedalco to Royal Cosun

CSM and Royal Cosun have reached an advanced stage in their negotiations on the sale of CSM's 39% stake in Koninklijke Nedalco. The intended transaction will make Cosun the sole owner of Nedalco. The takeover price for CSM's stake in Nedalco amounts to EUR 24.5 million and is expected to result in a net book profit of about EUR 14 million begin 2005.

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