New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
February 1, 2016
09:07 EDTCHSCPCF Industries, CHS commence strategic venture
CF Industries (CF) and CHS (CHSCP) announced that they have commenced their previously announced nitrogen fertilizer strategic venture. CHS completed its $2.8B equity investment in CF Industries Nitrogen, LLC, a CF Industries subsidiary, and will start receiving delivery of urea and urea ammonium nitrate from CF Industries under a long-term supply agreement. CHS has purchased a minority equity interest in CF Nitrogen for $2.8B effective Feb. 1, 2016. Through the investment, CHS will be entitled to semi-annual profit distributions from CF Nitrogen based generally on the volume of granular urea and UAN purchased by CHS pursuant to the supply agreement. Starting Feb. 1, 2016, CHS is entitled to purchase up to 1.1M tons of granular urea and 580,000 tons of UAN annually from CF Nitrogen for ratable delivery. The 1.7M product tons available under the supply agreement represent approximately 8.9% of CF's total production capacity once its capacity expansion projects are completed at Donaldsonville, La., and Port Neal, Iowa, expected in 2016.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use