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Agriculture

Marubeni to sell U.S. grain trader Gavilon to Glencore unit

Japanese company hopes to reap up to $3.5bn from sale

Gavilon's grain storage silos. Marubeni acquired the U.S. grain handler in 2013.

TOKYO -- Marubeni will sell U.S. grain unit Gavilon to a Dutch unit of global resource giant Glencore, the Japanese trading house said Wednesday, as it shifts focus to other food and agriculture operations such as fertilizer.

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