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Industrials

Germany's Agravis buys stake in palm product trader from Wilmar

HAMBURG, Jan 14 (Reuters) - German agricultural commodities cooperative Agravis said on Thursday it had bought a 33 percent shareholding in German palm products and animal feed trading house H. Boegel from Singapore-listed commodities group Wilmar International Ltd.

The move will give Agravis direct access to purchase markets for palm-based animal feed ingredients including palm expellers, Agravis said.

Wilmar had said in September it was considering selling part of Boegel. (Reporting by Michael Hogan; Editing by Mark Potter)

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