Archer Daniels (ADM) is exploring a sale of its futures brokerage arm, as the company weighs divestitures to slash costs, Bloomberg’s Matthew Monks, Bernard Goyder, and Katherine Doherty report, citing people familiar with the matter. The commodities trading and food-processing conglomerate is working with a financial adviser to seek a buyer for ADM Investor Services, or ADMIS, said the people. While it isn’t clear how much ADMIS might fetch in a sale, it holds $439M in adjusted net capital, according to filings, the authors write.
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