Cargill Inc. is exploring options for its malt unit in a deal that could value the business at more than $1 billion, people with knowledge of the matter said.
Boomberg reports the Minneapolis-based company is studying possibilities including a potential divestment of part or all of its malting operations globally, according to the people. A formal sale process could start as soon as the next few months, the people said, asking not to be identified because the information is private.
Any sale would add to the $21.7 billion of agricultural deals announced this year, data compiled by Bloomberg show. Cargill has malting operations in 10 countries including Canada, the U.S., Argentina, Australia, Germany, Belgium and France, according to its website.
