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Marubeni Is Said to Sound Out Potential Buyers for Gavilon

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Sep 30, 2019 at 02:27 PM CST
Marubeni Corp., one of the world’s biggest general trading companies, has sounded out at least two potential buyers for its U.S. grains unit Gavilon Group LLC, according to people familiar with the matter. The Tokyo-based company has discussed a possible sale with at least two other trading firms, said the people, who asked not to be identified as the information is private. Talks are preliminary and no decision has been made, the people said.

Sep 30, 2019 at 02:27 PM CST

Marubeni Corp., one of the world’s biggest general trading companies, has sounded out at least two potential buyers for its U.S. grains unit Gavilon Group LLC, according to people familiar with the matter. The Tokyo-based company has discussed a possible sale with at least two other trading firms, said the people, who asked not to be identified as the information is private. Talks are preliminary and no decision has been made, the people said.