CHICAGO, ILLINOIS, U.S. — Archer Daniels Midland Company (ADM) announced on Feb. 3 that it has reached an agreement to sell to Glencore plc a 50% stake in its export terminal in Barcarena, in the northern Brazilian state of Pará. The ADM-Glencore joint venture that will own and operate the facility following the transaction also plans to quadruple the terminal’s capacity from 1.5 million tonnes to 6 million tonnes.
“ADM is continuing to take actions to improve our returns on ...
FEB
2015