Cargill subsidiary to sell Suriname feed mill share
LNB International Feed, a subsidiary of US agribusiness giant Cargill, plans to sell its majority share in the Suriname-based LNB Surimix feedmill to Benie Rice, Reuters reports.
LNB has a 51% share in the Suriname operation. No amount was given for the transaction, but both parties expect the deal to be completed by mid-October, the statement said.
Benie Rice, will also buy the remaining outstanding shares of LNB Surimix owned by Nutrivest, the Netherlands-based LNB International Feed said.
Cargill has run the Suriname feed mill since early 2007 when it acquired the facility as part of an acquisition of LNB feed mill facilities and assets in Romania, Russia, Poland and Holland.
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