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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 This material may not be published, broadcast, rewritten or redistributed.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 73 391 11,120
MORTGAGES 88 481 13,903
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 198 969 24,034
BANKRUPTCIES 54 288 8,432
BUSINESS LICENSES 29 126 3,771
UTILITY CONNECTIONS 67 536 13,457
MARRIAGE LICENSES 17 103 3,031

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