Eastern Sugar wins 25.4 mln euros in Czech suit

02.04.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, April 2 (Reuters) - Sugar maker Eastern Sugar has won a 25.4 million euro compensation from the Czech Republic in an arbitration case,...

...the Czech Finance Ministry said on Monday.

It said the firm, a joint venture of U.K.'s Tate & Lyle with Saint Louis Sucre SA, a subsidiary of Suedzucker AG , had demanded 109 million euros as compensation for the way the Czech government had distributed sugar production quotas.

The ministry said it was analysing the decision.

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