Golden Agri sells Tianjin oilseeds business to Louis Dreyfus unit
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Singapore
GOLDEN Agri-Resources is selling its indirect wholly owned oilseeds business in Tianjin to a subsidiary of Louis Dreyfus Company Asia.
The final consideration for the sale of Sinarmas Natural Resources Foodstuff (Technology) Tianjin to LDC (China) Trading Company was not specified, but it will be based on the unit's debt-free and cash-free initial enterprise value of US$111 million. It will include adjustments for working capital and financial statements on completion.
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