Tate & Lyle Sugars and ASR Group - an apology

On November 27th, 2013 we published an article on our website titled “Brussels unveils plan to crack down on corporate tax loopholes” which wrongly referred to Tate & Lyle Sugars and its holding company American Sugar Holdings (ASR Group). T&L Sugars Limited trades as Tate & Lyle Sugars. The article incorrectly claimed that T&L Sugars Limited trading as Tate & Lyle Sugars and American Sugar Holdings had exploited a tax loophole and avoided tax for financial gain. We accept that this is not true. T&L Sugars Limited was acquired by American Sugar Holdings in 2010 and neither company has been involved in any tax avoidance scheme as claimed. Once notified of the error, we immediately removed the article from our website. We wish to apologise for this mistake and any embarrassment caused by our article.