Cargill Buys Argentine Mill

Cargill has agreed to pay $36.1m for a 30% stake in Glucovil Argentina, a corn mill belonging to Argentina’s Ledesma. The stake sale is accompanied by a ARP121.8m investment in the project by Cargill, says Ledesma in a statement. Cargill made the acquisition through its local vehicle Corn Milling SRL. The deal leaves Glucovil’s total capitalization at ARP405.9m.