Cargill buys Sorini in Indonesia

Cargill is buying an 85% stake in Sorini Agro Asia Corporindo, an Indonesian producer of sorbitol, for an equity value of Rp2.7 billion ($301 million). AKR Corporindo and UOB Kay Hian, which own a combined 85% of Sorini, have struck an agreement to sell their shares to Cargill.