ADM expands EU corn processing footprint

ADM expands EU corn processing footprint

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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