CHS To Buy Ethanol Plant In $196 Million Deal
Will buy an ethanol plant in Annawan, IL
CHS Inc will buy an ethanol plant in Annawan, Illinois, that is partially owned by REX American Resources Corp, a U.S. Securities and Exchange Commission filing showed on Thursday.
CHS is to acquire full ownership of Patriot Holdings LLC, which operates the ethanol plant, in a deal valued at $196 million, the filing showed. REX American currently owns 26.6 percent of Patriot and would take in as much as $49 million in the deal, the filing stated. To see article website, click here.