Agravis buys stake in palm product trader from Wilmar

By REUTERS

Wilmar-International-LimitedGerman agricultural commodities cooperative Agravis said on Thursday it had bought a 33% shareholding in German palm products and animal feed trading house H Boegel from Singapore-listed commodities group Wilmar International Ltd.

The move will give Agravis direct access to purchase markets for palm-based animal feed ingredients including palm expellers, Agravis said.

Wilmar had said in September it was considering selling part of Boegel.