SOUTH Africa’s largest sugar producer, Illovo, says it will sell its 80.25% stake in Mauritius company Mon Tresor Mon Desert (MTMD) for R472m in cash. Illovo said that agreement in principle had been reached for the sale to a consortium advised by South African financial services firm Brait International and PriceWaterhouse Coopers in Mauritius. It gave no details on the consortium’s composition. – Reuters