ADM increases stake in Singapore’s Wilmar Holdings

Archer Daniels Midland (ADM) is swapping its direct holdings in its Wilmar-related agriculture processing joint ventures in China in exchange for shares in Wilmar International (WIL).

The move is part of ADM’s strategy to become the largest agribusiness group in Asia. WIL plans to acquire the worldwide oilseed-related assets of Wilmar Holdings and merge with the Kuok Group. WIL will then have assets in soy crushing, edible-oil

refining and packaging, palm plantations, palm refineries, biodiesel production, specialty fats and oleochemical fatty acids throughout Asia.

“This investment will complement our existing global agribusiness activities,”

said Patricia Woertz, ADM CEO and president.