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New Deal


Announced

Marathon Petroleum and ADM to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

oil production

Acquisition

Single Bidder

Pending

Majority

Joint Venture

Private

Friendly

United States

Oil: Crude Producers

Synopsis

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Marathon Petroleum, a firm that operates as a crude oil refining company, and ADM, an American multinational food processing and commodities trading corporation, agreed to form a joint venture. Financial terms were not disclosed. The joint venture will own and operate ADM’s previously announced soybean processing complex in Spiritwood, North Dakota, with ADM owning 75% of the joint venture and MPC owning 25%. “This joint venture marks another step in advancing our ability to optimize and source logistically advantaged feedstock for our nearby Dickinson facility, and also creates a platform for further collaboration with a world-class partner as we continue to invest in a sustainable, energy-diverse future," Dave Heppner, MPC Senior Vice President of Strategy and Business Development.

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