Mitsubishi Corporation to Raise Stake in American Grain Company.

From: JCN Newswires | Date: June 19, 2007 | Copyright information

Tokyo, Japan, June 18, 2007 - (JCN Newswire) - Mitsubishi Corporation ('MC'; TSE: 8058) has decided to acquire an additional 45% stake in Ohio-based FGDI, LLC, through MC's wholly owned grain company, Kansas City-based Agrex Inc. Through this acquisition, Agrex will raise its stake in FGDI from 30% to 75%.

1. Summary of the Acquisition

FCStone Group, Inc., an Iowa-based commodity futures risk management company, currently owns a 70% stake in FGDI, while Agrex ...

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