Disclosure of inside information according to Article 17 MAR
ADM Hamburg Aktiengesellschaft: Competition authorities approve joint venture with Wilmar
(Hamburg, September 23, 2016)
On September 23, 2016 Archer Daniels Midland Company (NYSE: ADM) and Wilmar International Limited (SGX: F34) have received all clearances from the competition authorities for the transition of Olenex into a full- function joint venture with its own assets, trading, sourcing, sales and marketing capabilities.
As part of Archer Daniels Midland Group, ADM Hamburg Aktiengesellschaft will transfer its specialty oils and fats facility and palm refining facility into the newly founded joint venture company Olenex Edible Oils GmbH. Wilmar will contribute its facilities for tropical oils processing in Brake and Rotterdam (the Netherlands). Archer Daniels Midland Group and Wilmar Group have been co-operating since 2012 to market oils and fat products in Europe.
Quotation: Open Market in Frankfurt (Entry Standard) and Hamburg-Hannover (Mittelstandsbörse Deutschland), Stuttgart and Berlin
Company headquarters: Germany
Your contact partner:
ADM Hamburg Aktiengesellschaft
Jaana Karola Kleinschmit von Lengefeld
Tel. +49-(0) 40 75194 294
23.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Company: ADM Hamburg Aktiengesellschaft
Phone: +49 40 7 51 94-0
Fax: +49 40 7 51 94-300
Listed: Regulated Unofficial Market in Berlin, Hamburg
(Mittelstandsbörse Deutschland), Hanover, Munich, Stuttgart;
Open Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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