China Oil & Foodstuffs Corp. (COFCO) said Tuesday it had purchased an almost 99 percent stake in TullySugar, an Austrilian sugar company. 

China Oil & Foodstuffs Corp. (COFCO) said Tuesday it had purchased an almost 99 percent stake in TullySugar, an Austrilian sugar company. COFCO paid 44 Australian dollars (US$47) per share, valuing TullySugar at A$136 million (US$145.2 million).

COFCO purchased 31.5 percent of its stake from MackaySugar, Australia's second largest sugar miller, which originally competed with COFCO to takeover Tully.

MackaySugar decided to sell its stake in Tully after it failed to acquire a controlling stake, a spokesperson for the firm said Monday.

"Achieving complete ownership will remove all uncertainty and allow COFCO to deliver on its commitments to local growers, the industry and the community," said Pan Honghuan, deputy general manager of Top Glory, COFCO's local subsidiary.

The takeover battle for Tully Sugar stared in April. In July, Agribusiness Bunge Ltd. withdrew its bid and sold its shares in Tully to COFCO, which gave the company a 61.25 percent stake in the company.

昨天，中糧集團宣布已經持有澳大利亞糖業公司TullySugar接近99%的股份。中糧最終要約出價為44澳元/股，合計Tully公司總價值1.36億澳元。

在這接近99%的股份當中，包括中糧目前唯一的競爭對手澳大利亞MackaySugar公司剛剛出售給中糧的31.5%的股份。

MackaySugar稱，由于在競購中未能實現控股，決定將所持有Tully股份全部出售給中糧。

中糧旗下全資子公司TopGlory副總經理潘紅環指出，中糧取得完全控制權將消除澳糖收購案中所有不確定性因素，使得中糧能切實履行對當地甘蔗種植者、制糖行業以及社區的承諾。

Tully的股份競購戰4月開始。7月，邦吉退出競購，并將其持有的Tully公司股份出售給中糧，從而使中糧擁有的股份達到61.25%。