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...round-up Private equity owners pile on debt to pay themselves dividends (FT) UniCredit to return €8.6bn to shareholders (FT) Private equity buys majority stake in US accounting firm Baker Tilly (FT) ADM...
...Still, there’s a strong link between historic profits at the top four food traders — ADM, Bunge, Cargill and Louis Dreyfus — and periods of price volatility....
...The others are ADM and Cargill, both headquartered in the US, and Europe-based Louis Dreyfus....
...Other investors include steel magnate Lakshmi Mittal’s family office and hedge fund manager Paul Tudor Jones’s investment vehicle, Tudor Investment Corporation....
...They're destined for ADM, one of the big grain corporations. Wes says at least they can provide a stable market....
...ADM exited GrainCorp in December 2016, selling its 19.9 per cent stake for A$387m, at A$8.53 per share....
...The three biggest soya exporters from the region are Bunge, Cargill and ADM, with combined exports of 13m tonnes in 2017....
...As with a deal with Archer Daniels Midland, a blue-chip agribusiness, the customer gets something out of the agreement — ADM will supply Sirius with a “starch binder” for its fertiliser granules....
...These issues have been compounded by tough market conditions — a global grain glut that squeezed margins and depressed prices — and the resignation of the high-flying ADM executive poached to run the business...
...As billionaire David Rubenstein, co-founder of Carlyle, put it: the sector is on a bit of a "sugar high" thanks to US tax reform, which has lowered corporation taxes from 35 per cent to 21 per cent....
...Matt Jansen, a former ADM manager, quit as chief executive of Geneva-based Cofco International out of frustration at the lack of support for his growth plans in Beijing, said people briefed on his departure...
...s leaders warn on financial risks * SFO launches criminal probe into ENRC * Investor rebuke highlights Barrick’s woes * ENRC departures raise questions over who controls miner * GrainCorp agrees to ADM...
...extent of India’s ambitions in its rivalry with China when he said India was prepared to send ships to defend its interests in the South China Sea, the disputed waters where India’s Oil and Natural Gas Corporation...
...The company last year attracted the Government of Singapore Investment Corporation, the sovereign wealth fund, as its top shareholder....
...The company, that is the largest US privately-held corporation by sales, does not disclose further financial details....
...Bunge and its competitors ADM, Cargill and Louis Dreyfus Commodities are known in the industry as the “ABCD” group and dominate agricultural commodity flows....
...The company declined to name the parties, but industry executives said that Glencore, US-based traders Cargill, ADM and Bunge, France’s Louis Dreyfus Commodities, and Singapore-listed Noble Group and Wilmar...
...● In an effort to increase pressure on Col Gaddafi and deprive him of funds, the US also warned international financial institutions that 14 companies were owned by Libya’s National Oil Corporation....
...“We understand that if we make the market free, then $30 billion will be enough – and that’s not a lot for world financial corporations – to buy up all of our land,” he said....
...The house has gained ground against rivals by securing a deal with China Grain Corporation, a state-owned firm in charge of managing the Chinese government’s food reserves....
...“We quickly crafted a plan whereby the senior rep from the (charter) corporation (pilot-in-command) would pen-and-ink a change,” explained Brig Gen Sealock, now director of Spokane International airport...
...Now we have Cargyll, Barry Callebaut, ADM, Cadburys we have all of them now in Ghana....
...The questions Adm Gortney faced about the “non-violence” of the Somali pirates are foolish....
...Name: Patricia Ann Woertz Nationality: American Age: 56 Company: Archer Daniels Midland Sector: Food producers Location: US 3-year TSR: -32.2% On Patricia Woertz’s first day as chief executive at ADM...
...Buoyed by VeraSun’s strong debut, ADM shares had risen to $38.77 by the close on Wednesday....
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