GLOBAL December 2015
 
ADM invests US$20 million to raise Wilmar stake
 
Archer Daniels Midland Co (ADM) spent about US$20 million in October to further increase its stake in Wilmar International Ltd, the world's largest palm oil processor, to 18.5%.
ADM bought 9.3 million shares of Wilmar of Singapore to raise its ownership interest from 18.1%, the Illinois-based company said. The grain trader had previously declined to disclose the size of its expanded stake.
ADM "will continue to grow" its relationship with Wilmar because it provides a window to markets in China, Chief Executive Juan Luciano.
In March, ADM increased its stake in Wilmar to 18.1% from 17.3%.
 
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