ARCHER Daniels Midland Co. (ADM) announced April 21 an agreement to purchase several assets of Eaststarch C.V., ADM's 50/50 joint venture with Tate & Lyle.
Under the terms of the agreement, ADM will take full ownership of corn wet mills in Bulgaria and Turkey and will own a 50% stake in a wet mill in Hungary. Tate & Lyle will receive a cash consideration of 240 million euros — subject to customary closing adjustments, including net cash and
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