Japanese firm Marubeni to buy Gavilon

Date:05-16-2012

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.