CHS to partner with Mitsui in Brazilian j.v.
August 09, 2007
by FoodBusinessNews.net Staff
ST. PAUL, MINN. — CHS is selling strategic partners Mitsui & Co., Ltd. and Mitsui & Co. USA, which is a portion of its share in Multigrain AG, a holding company of Multigrain S.A. Multigrain S.A. is an agricultural commodity business based in Brazil.
"CHS already has two very successful joint ventures with Mitsui," said Rick Browne, senior vice-president of CHS Grain Marketing. "We are pleased to have Mitsui as a partner in Multigrain, contributing to its ongoing growth and success."
Mitsui will have 25% ownership in Multigrain AG and will acquire shares from the other majority shareholder, PMG Trading.