Green Plains closes $169M acquisition of Global Ethanol

In Nebraska, Green Plains Renewable Energy announced that it completed the previously-announced acquisition of Global Ethanol, LLC. The addition of the two Global plants increases Green Plains’ capacity by 31% to approximately 657 million gallons per year.

Green Plains now expects to market and distribute more than one billion gallons of ethanol on an annual basis.

At the execution of the definitive agreement, the transaction was valued at approximately $169.2 million of which $147.6 million was paid for the Global ethanol production facilities with the balance for working capital. The value of the transaction includes the assumption of $98.7 million in debt.

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