MSF Sugar, formerly known as Maryborough Sugar Factory Limited, has accepted a takeover bid from Thai sugar company Mitr Phol.
Shareholders of Australia’s only locally-owned sugar factory were urged to accept a takeover bid from a Thai company in November
The Thai company already owned 22 per cent of the company, which also owns the Mulgrave, South Johnstone and Tablelands mills.
MSF accepted the bid from Mitr Phol, which is one of the biggest sugar producers in Asia, of $AU4.45 per share.