Cargill looks for growth in AgriNurture

Jan 3, 2012 • Robert Lavine

Agro-commercial business AgriNurture has raised $30m in funding from agribusiness conglomerate Cargill, which has taken a 28% stake.

Black River Capital Partners Fund, a division of agricultural services conglomerate Cargill, acquired a stake in Philippines-based agro-commercial company AgriNurture (ANI) worth 28% yesterday, paying about $30.5m.

The move comes two weeks after Antonio L. Tiu, chief executive of ANI, announced the postponement of its own acquisitions timetable to Filipino newspaper BusinessWorld. Tiu stated that ANI was to scale back its acquisitions to one food chain in 2011, with further deals for as yet unnamed food or beverage chains set…

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