
Rabo Private Equity tipped to exit Indian edible oils producer
Rabo Private Equity is set to exit its stake in Indian edible oils producer Geepee Agri Private as Archer Daniels Midland (ADM) closes in on an acquisition of the company. Sources familiar with the situation told The Times of India that the US food processing firm will pay INR6.5 billion.
Geepee was set up in 2004 as a 51-49 joint venture between Noble Group and Siam Stock Holdings, an associate of Thai conglomerate GP Group. GP Group took full ownership in June 2009 and Rabo Private Equity...
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