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CSM writes downs bakery supplies operations ahead of sale
date:Mar 14, 2013
Dutch food ingredients group CSM NV wrote down its European bakery supplies operations by 165 million euros ($214.85 million) ahead of the sale of the whole subsidiary, which also operates in the United States.

Due to the writedown CSM booked a net loss of 63.7 million euros in 2012, compared with a 174.3 million euro loss in 2011. ($1 = 0.7680 euros)

12/25 05:15