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，中粮集团宣布已经持有澳大利亚糖业公司TullySugar接近99%的股份。中粮最终要约出价为44澳元/股，合计Tully公司总价值1.36亿澳元。

在这接近99%的股份当中，包括中粮目前唯一的竞争对手澳大利亚MackaySugar公司刚刚出售给中粮的31.5%的股份。

MackaySugar称，由于在竞购中未能实现控股，决定将所持有Tully股份全部出售给中粮。

中粮旗下全资子公司TopGlory副总经理潘红环指出，中粮取得完全控制权将消除澳糖收购案中所有不确定性因素，使得中粮能切实履行对当地甘蔗种植者、制糖行业以及社区的承诺。

Tully的股份竞购战4月开始。7月，邦吉退出竞购，并将其持有的Tully公司股份出售给中粮，从而使中粮拥有的股份达到61.25%。