A PYMNTS Company

Brazil: ADM sells palm business

By  |  January 6, 2020

Grain trader Archer Daniels Midland (ADM) has sold its palm business in Brazil to local player Reflorestadora Moju Acará, according to the Brazilian antitrust watchdog CADE, reported Reuters.  

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    CADE, which gave the nod to ADM’s deal, stated on the official gazette that the sale was part of a broader global portfolio review by the global trader. The deal value has not been disclosed. 

    ADM’s businesses in Brazil also include soy, corn, wheat, and cotton.

    Full Content: Reutersg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.