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Another retail approach is to harness the convenience of the mixed-use project. One Bangkok, a venture of Thai billionaire Charoen Sirivadhanabhakdi’s Fraser Property (FRPL.SI) and TCC Asset’s $3.5 billion, will devote half of its 1.83 million sqm development to offices, a quarter for retail, and the remainder for hotels and attractions. “We already have a captive population right there,” Su Lin Soon, CEO (Development) of One Bangkok told Reuters in an interview bloomingdales cufflinks uk sale. Infrastructure investments and a government policy that draws in foreign investors will also benefit the project, which is expected to complete its first phase in 2022, Soon adds..
BUENOS AIRES/LONDON (Reuters) – Top U.S. grain merchant Archer Daniels Midland Co (ADM.N) has approached Argentine soy crusher Molinos Agro (MOLA.BA) about buying the company’s livestock feed and soyoil manufacturing plant, and talks may continue, three sources said. Molinos and other Argentine soy crushers have been pummeled by fallout from the U.S.-China trade policy war which has given U.S. crushers a competitive advantage bloomingdales cufflinks uk sale. The discussions began last year and then stalled over the price that ADM would pay for Molinos, a Buenos Aires-based industry source with knowledge of the situation told Reuters..
ADM declined to comment. A spokesman for the Perez Companc business group, which controls Molinos Agro, said the company had been approached “several times” by potential buyers. Without mentioning ADM in particular, the spokesman said “the offers were rejected.”. It was unclear how much Molinos, controlled by the Perez Companc business group, was valued at during the negotiations bloomingdales cufflinks uk sale. “ADM backed off because of the asking price,” the Buenos Aires-based industry source said. “There were differences in the valuation of the company. But it is logical that ADM could be back knocking on the door of Molinos.”..
The Argentine company reported 665.9 million pesos ($18.5 million) in net earnings for the April through September period. Company results could be pressured by tensions over global trade policy in the months ahead, the source said. “Next year will be a great year for buying soy crushing companies in Argentina, and a bad year for selling them,” the source added. Argentine crushers are working at about half capacity while U.S bloomingdales cufflinks uk sale. crushers are reaping the benefits of low soy prices after China slapped a 25-percent import tariff on U.S. beans. The Perez Companc group has taken a “conservative” stance toward ADM’s overtures and has shown no eagerness to sell, the source said..
Two separate international industry sources with knowledge of the situation said exploratory talks between ADM and Molinos had taken place this year. “Argentina is a key focus for ADM and they need assets there,” one said. “ADM will seek to take advantage of its strong position by taking over a major Argentine crushing operation that is being squeezed by the trade war,” another added bloomingdales cufflinks uk sale. An ADM-Molinos combination would be in line with recent consolidation of the sector which has wrestled with a global oversupply of grains and oilseeds..