Deals
Summa Said Seeking Funds for Global Grain Trading Assets
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Summa Group, Russia’s biggest port operator, is raising money for a foreign grain trading acquisition and was considering an offer for GrainCorp Ltd. before Archer-Daniels-Midland Co. made a $2.8 billion takeover bid, according to two people with knowledge of the matter.
The Moscow-based company is seeking to expand its presence in Asia and around the world, and hasn’t ruled out a counterbid for Sydney-based GrainCorp, according to a third person, who asked not to be identified before plans are decided.