Premise: Zambia Sugar Plc, is a company based in Mazabuka, Southern Province, Zambia and is the largest sugar producer in Zambia. The company is listed on the Lusaka Stock Exchange (symbol: ZSUG) with 82% of the shares held by Illovo Sugar Limited of South Africa (a subsidiary of Associated British Foods) and the balance by institutional and private shareholders in Zambia.
Hypothesis: The largest sugar producer in Zambia has always been owned by Associated British Foods.