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Marubeni will also keep Gavilon’s US fertilizer business and a Memphisbased US crop input retail business Helena AgriEnterprises Viterra said it will finance the deal via a combination of acquisitionspecific financing facilities cash at hand and other available credit lines Pending the usual regulatory approvals it said it expects to close the deal in the second.

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Viterra to buy Marubeni’s U.S. grain firm Gavilon

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Japanese trading house Marubeni Corp will sell the grains business of its US unit Gavilon to commodities trader Glencore PLC’s Viterra arm for $1125 billion plus working capital Viterra said on Wednesday Marubeni said it expected to gain a total of 300 billion to 400 billion yen ($26 billion to $35 billion) including loans to grains merchant Gavilon through the deal.