» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 212 | Tuesday, October 30, 2012

Green Plains Selling Tennessee, Iowa Grain Elevators

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 97 6,082
MORTGAGES 106 106 7,590
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 155 155 13,878
BANKRUPTCIES 59 59 5,201
BUSINESS LICENSES 19 19 2,293
UTILITY CONNECTIONS 124 124 7,388
MARRIAGE LICENSES 37 37 1,569

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.