CHS Invests an Additional $76.25 Million in Brazilian Joint Venture—Multigrain AG— With Mitsui and PMG Trading
Date Posted: October 7, 2008
Inver Grove Heights, MN—CHS Inc., a
leading energy, grains and foods company, announced October 7 it has invested an
additional $76.25 million in Multigrain AG, a diverse Brazilian agricultural
joint venture company.
CHS, the largest U.S. producer-owned cooperative, said the increased
investment in Multigrain supports its strategic direction as a major supplier
of grain to the global marketplace from both domestic and key international
sources.
The additional capital will allow Multigrain to expand its
operations which include grain origination and export facilities, integrated
production of soybeans, corn, sugar cane and cotton; and agricultural
processing.
CHS total cash investment in Multigrain is now $134.5 million.
Mitsui & Co. Ltd. of Japan also announced it has invested an additional
$123.7 million in Multigrain.
As a result, CHS and Mitsui each own 39.35
percent of Multigrain, with the remainder held by PMG Trading of Brazil.
Multigrain was formed in 2006.
For more information, call 651-355-4946.
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