Viserion Grain To Buy 11 Zen-Noh Grain Facilities

摘要

Zen-Noh Grain Corporation (ZGC) announced April 1 that it has entered into an agreement with Viserion Grain LLC for Viserion to acquire 11 grain facilities. These facilities arc expected to be required by the U.S. Department of Justice to be divested in connection with its review of ZGC's acquisition of multiple grain facilities from Bunge, a transaction announced last spring. Both transactions remain subject to clearance from the U.S. Department of Justice, and the sale to Viserion is conditioned on the closing of the Bunge acquisition. Both transactions are expected to close later this spring. The initial agreement between ZGC and Bunge included 35 operating assets. To help secure regulatory approval, eight Bunge assets have been selected for divestiture and are pending sale to Viserion. The facilities are located at Shawnee-town, Ill.; Huffman, Ark.; Osceola, Ark. (riverside and landside); Helena, Ark.; Lake Providence, La.; McGregor, Iowa; Lcttsworth, La.; and three of ZGC's affiliate, Consolidated Grain & Barge Company assets in Caruthersville, Mo., Cotton-wood Point, Mo. and Savanna, Ill.