LNB International Feed, a subsidiary of U.S. agribusiness giant Cargill, plans to sell its majority share in the Suriname-based LNB Surimix N.V. feedmill to Benie Rice N.V., the Cargill unit said on Tuesday.
No amount was given for the transaction for the 51 percent share in the mill, but both parties expect the deal to be completed by mid-October, the statement said.
Benie Rice N.V., will also buy the remaining outstanding shares of LNB Surimix owned by Nutrivest, the Netherlands-based LNB International Feed said.
Cargill CARG.UL, a leading U.S. grain exporter operating in dozens of countries, 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.
