LONDON, Feb 3 (Reuters) - Associated British Foods said it would write down the value of its investment in VivergoFuels Ltd by 98 million pounds ($147 million) due to fallingcrude oil and bioethanol prices and the further weakening of theeuro against sterling.
Vivergo Fuels owns and operates one of Europe's largestbioethanol plants in England, producing motor fuel derived fromplants. The company is a joint venture between AB Foods, BP and DuPont.
AB Foods, which runs discount retail chain Primark as wellas sugar and agriculture businesses, said on Tuesday the 98million pound non-cash exceptional charge would be included inits interim results for the 24 weeks to Feb. 28.
($1 = 0.6656 pounds) (Reporting by Neil Maidment; editing by Sarah Young)