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Stock Market & Financial Investment News

News Breaks
August 18, 2014
13:01 EDTCHSCPCHS sells portion of Necochea, Argentina port joint venture
CHS Inc. announced it has reached agreement to allow Noble Argentina to acquire a portion of the CHS share of an export terminal joint venture at Necochea, a province of Buenos Aires, Argentina. CHS Argentina currently own 30% of Sitio 0 de Quequen. After finalizing the transaction, CHS and Noble Argentina, a subsidiary of Noble Grain, will each hold 22.75% ownership in Sitio 0. Other terminal owners are South American grain companies E-Grain SA, A&J Nari SA, Alea y Compania SA and Lartirigoyen y Compania. Now under construction, the first stage of Sitio 0 will consist of an export terminal with 119K metric tons of storage capacity and a high-speed loader with 1,200 metric tons per hour capability at one pier. A planned second stage would include an additional pier and 100K metric tons of storage. Sitio 0 has the right to use the Quequen port for 45 years. The first phase is expected to be operational by May 2015.
News For CHSCP From The Last 14 Days
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May 21, 2015
17:52 EDTCHSCPCHS to acquire Patriot Holdings for $196M
REX American Resources (REX) reported that the board of Patriot Holdings has approved a merger agreement with a subsidiary of CHS (CHSCP) that would result in CHS acquiring 100% of the ownership interest in Patriot. With total merger consideration expected to approximate $196M, REX’s 26.6% interest in Patriot is expected to yield approximately $44M plus an additional amount of approximately $5M, assuming the full payment of escrow holdbacks. The closing of the merger is expected to occur on or about June 1.
May 19, 2015
14:54 EDTCHSCPNuStar Energy, CHS pursue alliance to expand pipeline, terminal infrastructure
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