Japan's Marubeni discusses potential sale of Gavilon unit - Bloomberg [Yahoo! Finance News]
MARUBENI CORP UNSP/ADR (MARUY)
NASDAQ:AMEX Investor Relations:
marubeni.com/ir
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Source: Yahoo! Finance News
Japanese trading firm Marubeni Corp has discussed a possible sale of its U.S. commodities trading unit Gavilon Group LLC with at least two potential buyers, Bloomberg reported https://www.bloomberg.com/news/articles/2019-09-30/marubeni-is-said-to-sound-out-potential-buyers-for-gavilon-unit on Monday, citing people familiar with the matter. Gavilon had dismissed at least two senior executives this year, Reuters reported in September, the latest course correction for Marubeni, one of the several U.S. grain merchants struggling due to the trade war with China and a historic flooding in Midwestern states.
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