Cargill pays $20 mln to increase S.Africa stake

Fri Dec 14, 2012 4:17am EST
 
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JOHANNESBURG Dec 14 (Reuters) - U.S. agricultural firm Cargill Inc said on Friday it had paid $20 million to increase its stake in its South Africa animal nutrition business.

Cargill said in a statement it now held 75 percent of NuTec Southern Africa, its joint venture with South Africa's Astral Foods.

Astral retains 25 percent of the business, it said.