Deals
Agriculture Giant ADM Is in Advanced Talks for Ethanol Mills Deal
- ADM is in talks with fewer than 5 interested parties, CEO says
- Company considering sale or joint venture for dry mills
Corn is unloaded at the Archer Daniels Midland Co. corn processing facility in Decatur, Illinois.
Photographer: Mark Cowan/BloombergThis article is for subscribers only.
Archer-Daniels-Midland Co., the agribusiness giant that helped draw the blueprint for the U.S. biofuel industry, is in advanced talks for a deal that could involve a sale or a joint venture for its ethanol dry mills.
The 118-year old agricultural commodities company is currently in negotiations with fewer than five interested parties, Chief Executive Officer Juan Luciano said in an interview Wednesday at the company’s headquarters in Chicago. He declined to name the companies taking part in the discussions.