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ADM Archer Daniels Midland Company

59.19
-0.16 (-0.27%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Archer Daniels Midland Company NYSE:ADM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.16 -0.27% 59.19 59.68 58.86 59.31 3,273,863 01:00:00

Archer Daniels Midland to Sell Bolivian Business

11/12/2017 4:27pm

Dow Jones News


Archer Daniels Midland (NYSE:ADM)
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   By Allison Prang 
 

Archer Daniels Midland Co. (ADM) on Monday said it agreed to sell its Bolivia oilseeds operations to Inversiones Piuranas SA.

Terms of the deal, is expected to close in the first half of next year, weren't disclosed.

Archer Daniels has about 400 employees in Bolivia. The company said its oilseeds operations in the country process sunflower and soybeans into protein meal and oils.

Archer Daniels said the deal includes its Santa Cruz de la Sierra-based processing plant, its Bolivian distribution business and nine grain silos.

Archer Daniels shares rose 0.7% to $41.80 Monday morning.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

December 11, 2017 11:12 ET (16:12 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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