Britain’s Howard Investments Limited plans to sell over 10 million shares in Associated British Foods PLC (ABF), the company said on Friday. The company, a wholly owned subsidiary of Wittington Investments Limited, said it has entered into an agreement to sell about 10.3 million ordinary shares – equating to around 1.4% of the issued share capital – in ABF to institutional investors through an accelerated bookbuild process, with each ordinary share priced at 2,550 pence, generating gross proceeds of about £262 million ($333 million). Following completion of the placing, the combined shareholdi…