INVESTMENT WATCH- Cargill and Archer Daniels Midland (ADM) have formally launched their joint venture, SoyVen, which will own and operate Cargill’s soy crushing facility in Borg El Arab, Cargill announced yesterday. “The joint venture consists of ADM and Cargill each holding a 50% interest, with the management team reporting to a board of directors appointed by the two parent companies. The joint venture’s assets do not include Cargill’s grain business and port terminal in Dekheila, or the ADM-Medsofts joint venture at the Port of Alexandria.” Cargill and ADM had reached the agreement to launch the JV back in February. The firm had said back in 2015 that it would invest USD 100 mn.

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