VALERO, DOUGHERTY FUNDING, AGSTAR FINANCIAL SERVICES AT WEST LB SUCCESSFULLY BID FOR VERASUN'S ETHANOL FACILITIES

摘要

US refiner Valero Energy Corp. at an auction in Wilmington, Delaware on March 17 successfully bid to purchase VeraSun Energy Corp.'s ethanol facilities in Aurora (South Dakota), Charles City, Fort Dodge, Harley (all Iowa) and . Welcome, Minnesota as well as a development site in Reynolds, Indiana for a base purchase price of $350 mln. The company additionally bid $72 mln for the Albert City, Iowa plant and $55 mln for the Albion, Nebraska distillery, plus working capital and other certain adjustments. The company has already received anti trust approval for the purchases.