October 28, 2010
Arthur Daniels Midland is rumored to be considering a sale of its 49% stake
Arthur Daniels Midland is rumored to be considering a sale of its 49% stake in a Brazilian cane-based ethanol plant. According to a report in Valor Economico, Alco Group and Nobel Group are potential buyers for ADM’s stake in the plant, known as the Limeira do Oeste mill, located in Minas Gerais. ADM and its partner, Grupo Cabrera, had originally agreed to invest $500m in the project over 7 years. ADM declines to comment.