ADM selling stake in Brazil export terminal

ADM selling stake in Brazil export terminal

ARCHER Daniels Midland Co. (ADM) announced Jan. 3 that it has reached an agreement to sell to Glencore a 50% stake in its export terminal in Barcarena in the northern Brazilian state of Para.

The ADM-Glencore joint venture also announced an expansion of the terminal's capacity from 1.5 million metric tons to 6.0 mmt.

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