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Japanese firm Marubeni to buy Gavilon
May. 16, 2012
Red River Farm Network reports:
Japan's Marubeni is reportedly in advanced talks to buy US grain and energy trader, Gavilon, for about $5.2 billion, including debt.
Sources tell Reuters that Gavilon had debt of $1.7 billion at the end of last year.
Gavilon has the third-largest U.S. grain marketing network in the U.S., and has a large footprint in the U.S. fertilizer market, seven million barrels of crude oil storage and a large oil, grain and ethanol trading unit.
Source: Reuters
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