kerry group plc said wednesday that it has started talks to sell its sweet ingredients portfolio to advent international corps portfolio company irca for 500 million euros 5367 million as it focuses on the taste and nutrition business the irelandbased food company said that if the sale proceeds it will use the money raised for general corporate purposes and the continued development of the taste and nutrition business any sale is conditional upon the relevant regulatory approvals as well as routine closing adjustments kerry said the sweet ingredients business contributed revenue of eur405 million and earnings before interest taxes depreciation and amortization of eur41 million in 2022 this transaction would represent another strategic development in kerrys evolution as we continue to look to enhance and refine our taste  nutrition portfolio aligned to the areas where we can create the most value chief executive edmond scanlon said if agreed the sale is expected to close in the first half of this year