(Bloomberg) -- Glencore Plc, the Swiss commodities trader, agreed to buy a 50 percent stake in an export terminal in northern Brazil from Archer-Daniels-Midland Co. and help fund its expansion.
Glencore and ADM’s joint venture will quadruple the terminal’s capacity to 6 million metric tons a year, Chicago- based ADM said in an e-mailed statement on Tuesday. The Bacarena terminal in Brazil’s Para state handles agricultural commodities.
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