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VOL. 127 | NO. 212 | Tuesday, October 30, 2012

Green Plains Selling Tennessee, Iowa Grain Elevators

AP

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OMAHA, Neb. (AP)Green Plains Renewable Energy Inc. says it's selling 12 grain elevators in northwestern Iowa and western Tennessee to The Andersons Inc.

Green Plains, which is based in Omaha, says the sale of 32.6 million bushels of capacity is 83 percent of the company's reported agribusiness grain storage capacity, plus all of its agronomy and retail petroleum operations.

The estimated sale price is $133.1 million, including the assumption of about $28.3 million in debt.

Green Plains CEO Todd Becker says the company will retain its grain-handling assets and anticipates future storage expansions at or near its Nebraska ethanol plants in Central City and Ord.

The Andersons is based in Maumee, Ohio. The company is involved in the grain, ethanol and plant nutrient sectors; turf and cob products; and consumer retailing.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 400 9,366
MORTGAGES 95 486 11,746
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 128 873 20,678
BANKRUPTCIES 46 286 7,336
BUSINESS LICENSES 20 123 3,312
UTILITY CONNECTIONS 72 525 11,279
MARRIAGE LICENSES 18 112 2,603

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