ADM considers sale of cocoa business

The Archer Daniels Midland Company is considering selling its cocoa ingredients business, which saw a 24% fall in profits last year.

Spokesperson Jackie Anderson said: “Consistent with out commitment to create shareholder value, we regularly evaluate strategic options and maintain ongoing dialogue with other agribusiness companies to explore opportunities.

“We are currently engaged in discussions about the potential sale of our cocoa business. These discussions are ongoing, and there can be no assurance that they will result in the signing of a transaction or definitive agreement. We will communicate further if appropriate,” she added.