Japan's "Ajinomoto" sells its French subsidiary for 1 Euro

Food Partners Reuters August 27, Japan " foodmate.
net/tag_1923.
html" class="zdbq" title="Ajinomoto-related food information" target="_blank">Ajinomoto " company issued a news that is located in the foodmate.
net/tag_3729.
html" class="zdbq" title="France-related food information" target="_blank">French subsidiary of the "European Ajinomoto foodmate.
net/tag_1848.
html" class="zdbq" title="Sweetener-related food information" target="_blank">Sweeteners all the shares" to one euro, about 135 yen foodmate.
net/tag_2496.
html" class="zdbq" title="Price related food information" target="_blank">price sold to A Dutch sweetener seller.
"Europe Ajinomoto Sweetener" is a company wholly invested by Japan's "Ajinomoto" to produce and sell the artificial sweetener foodmate.
net/tag_30.
html" class="zdbq" title="Aspartame related food information" target="_blank">Aspartame .

Japan's "Ajinomoto" said that the sale caused a special loss of 7 billion yen, which was due to the fierce competition and the deterioration of the financial situation.

In addition, Japan's "Ajinomoto" will withdraw from the Brazilian instant noodle market jointly funded by Nissin Foods Holdings.
On October 30th, 50% of the shares owned by Japan's "Ajinomoto" were transferred to Nissin Foods Holdings at a price of 32.
5 billion yen.

Japan's "Ajinomoto" plans to concentrate its business resources in seasonings and processed foods, so it decided to sell its shares in instant noodles to Nissin Foods Holdings, which is eager to strengthen instant noodles.

Japan's "Ajinomoto" through the sale of the above-mentioned shares will have a special income of 25 billion yen in the accounting until March 2016.

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