The Brazilian subsidiary of Switzerland-based
Multigrain has received an investment of almost $200m from
CHS and Mitsui.
CHS invested $76.25m in Multigrain, increasing its total investment in the company to $134.5m.
Mitsui meanwhile spent $123.7m, bringing its total investment in the company to $210m.
As a result, CHS and Mitsui now each own a 39.35% stake in the Brazilian company, with the remaining 21.3% owned by PMG Trading
of Brazil. A
CHS spokesperson says the investments are being made from the company’s existing resources and that no outside advisors were involved in the transaction.
The funds will be used to expand Multigrain’s operations, which include grain origination and export facilities, integrated production of soybeans, corn, sugar cane and cotton as well as agricultural processing.
