Chicago / IL. (adm) Archer Daniels Midland Company (ADM) announced that it has completed the sale of its global chocolate business to Cargill. «We are continuing to create shareholder value, whether through profitable growth – such as the recent expansion of our port network and the addition to our corn footprint in Europe – or by divesting businesses for which we don’t see a long-term path toward achieving acceptable returns». said CEO Juan Luciano. «I am proud of the team that identified and delivered on this sale and others like it – including the proposed sale of our cocoa business – which are helping to ensure that we continue to drive results for our shareholders and our company». The sale is valued at about 440 million USD, subject to post-closing adjustments. About 670 colleagues transferred to Cargill with the business. «I would like to thank the chocolate team for their dedication, and we of course wish them the best». Luciano continued (Image Source: ADM).