Archer Daniels Midland Company acquisition of North Star Shipping and Minmetal

15/5/2015
Public acquisition

Completed

15/5/2015


Overview:

  • Archer Daniels Midland Company has reached an agreement to acquire North Star Shipping and Minmetal.
  • The deal sees ADM take control of the loading terminals at the Port of Constanta on the Black Sea.
  • The full asset list consists of: 10 vessel berths, including seven deep sea berths; port terminals; on-site grain storage capacity of 330,000 metric tons; two floating cranes for direct barge-oceangoing vessel transfer; mobile shore cranes and equipment; a vacuum discharge and ship loader; and an iron ore and coal terminal located on 21 hectares.
  • ADM is already a shareholder in the two companies.

Sam Duke - Editor

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