Tereos SCA is seeking to exit its ventures in China and Romania as part of a wider move by the new management to divest some international assets to lighten the group's heavy debt and boost profitability, sources close to the matter said. Tereos reshuffled its top management since an extraordinary meeting in December 2020 dismissed its chief executive. The new team, which had expressed strong concern about losses at some of Tereos' international activities before taking over, said it was considering selling non-profitable or non-core assets but that it first wanted to do an audit of the group. Tereos is in advanced talks with Wilmar International Limited (SGX:F34) to sell its 49% stake in their starch joint venture in China, three sources familiar with the negotiations told Reuters. The cooperative group is also seeking to exit its loss-making Romanian sugar activities, one of the three sources close to the matter, and another source, said. Tereos declined to comment. Wilmar also declined to comment.