British sweeteners and starches maker Tate & Lyle (TATE.L) sold a mothballed U.S. ethanol plant in Iowa to Cargill [CARG.UL] and reported a performance in line with expectations before a corn co-product boost to income. The London-based group, which makes sweeteners like Splenda, starches and ethanol, said on Thursday it had sold the Fort Dodge plant for $57 million, leading to a gain of around 16 million pounds ($26 million). Tate & Lyle said net debt should now be be lower at the end of its financial year to March 31, after previously guiding it would be similar to that reported for Sept. 30.
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