Cargill Explores Options for $1 Billion Malt Business

Cargill Inc., one of the world’s biggest agricultural trading houses, is exploring options for its malt unit in a deal that could value the business at more than $1 billion, people with knowledge of the matter said.

The Minneapolis-based company is studying possibilities including a potential divestment of part or all of its malting operations globally, according to the people. A formal sale process could start as soon as the next few months, the people said, asking not to be identified because the information is private.