Green Plains Inc. Completes Sale of its 50% Stake in JGP Energy Partners LLC to Jefferson Energy Holdings LLC for $29 Million
Green Plains, Inc. (GPRE)
Last green plains, inc. earnings: 2/10 05:00 pm
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Source: GlobeNewswire
OMAHA, Neb., Dec. 12, 2019 (GLOBE NEWSWIRE) -- Green Plains Inc. (NASDAQ:GPRE) announced today that it has completed the previously announced sale of its 50% joint venture interest in JGP Energy Partners LLC to its partner, Jefferson Energy Holdings LLC, a subsidiary of Fortress Transportation and Infrastructure Investors LLC for $29 million plus working capital. The transaction was completed on December 11, 2019. “The closing of this transaction further enhances the strength of our balance sheet and allows Green Plains to allocate capital toward strategic priorities that focus on driving higher returns for our shareholders,” said Todd Becker, president and chief executive officer of Green Plains. “At the same time, we will to continue to support our export program through negotiated agreements with third-party terminals.” About Green Plains Inc.Green Plains Inc. (NASDAQ:GPRE) is a diversified commodity-processing business with operations that include corn processing, grain handli
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GPRE
Earnings
- 10/31/24 - Beat
GPRE
Sec Filings
- 11/20/24 - Form SC
- 11/15/24 - Form 8-K/A
- 11/13/24 - Form 4
- GPRE's page on the SEC website