ADM Acquiring Limeira Stake

ADM Acquiring Limeira Stake

Brazil M&A

Archer Daniels Midland (ADM) is acquiring the 51% stake in its Limeira do Oeste ethanol mill JV it does not already own, according to a company spokesman. ADM is acquiring the stake in the Brazil ethanol plant from Antonio Cabrera, a former agriculture minister who controls Grupo Cabrera. Cabrera tells LatinFinance the price of the acquisition has not been decided yet, and he is currently negotiating with ADM for a valuation of the stake. Limeira has about 3m tons of cane crushing capacity, Cabr

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