Green Plains Sells Agribusiness Assets

Joanna Schroeder

Green Plains Renewable Energy (GPRE) has completed the sale of 12 grain elevators located in northwestern Iowa and western Tennessee to The Andersons. The sale include approximately 32.6 million bushels of GPRE’s reported agribusiness grain storage capacity and all of its agronomy and retail petroleum operations. GPRE expects to report a pre-tax gain from this sale in the fourth quarter of 2012 of around $46 million. XMS Capital Partners served as financial advisor to Green Plains in the transaction.

Agribusiness, biofuels, Company Announcement, Ethanol