Greencore’s sugar compensation hopes buoyed by Swedish award

Greencore’s sugar compensation hopes buoyed by Swedish award

Greencore’s prospects of receiving the lion’s share of €145 million in EU restructuring aid have been boosted by the news that Sweden is set to award its farmers and contractors just 12.5 per cent of its restructuring funds to quit the sugar industry

Greencore’s prospects of receiving the lion’s share of €145 million in EU restructuring aid have been boosted by the news that Sweden is set to award its farmers and contractors just 12.5 per cent of its restructuring funds to quit the sugar industry.

The move by Sweden, to be announced this week, will coincide with the announcement by Minister for Agriculture Mary Coughlan on Thursday about how much of the €145 million Greencore is entitled to.

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