ADM mulls sale of Brazilian ethanol project stake

n Brazil, Valor Economico is reporting that Archer Daniels Midland may sell a 49 percent stake in the Limeira do Oeste mill and ethanol plant in Minas Gerais The company signed a $500M deal in 2008. VE named Alco Group and Noble Group as potential buyers for the plant, which has a crushing capacity of 3 million tonnes a year.

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