Cargill not commenting on IPO rumours

chicago / reuters / U.S. agribusiness Cargill Inc. said on March 28 it had no comment regarding a market rumour that it was planning an initial public offering.

“Our company does not comment on market rumours,” Cargill spokeswoman Lisa Clemens said.

Talk about an IPO among traders and investment bankers surfaces periodically about Minneapolis-based Cargill, a player in world agribusiness for more than a century and one of the world’s largest privately held corporations. Cargill routinely issues a “no comment” on such rumours.

Cargill in 2011 repeatedly denied speculation that it would carry out an IPO. Cargill spun off its majority stake in fertilizer maker Mosaic Co. in 2011, partly to maintain its private-company status and partly to enable Cargill family trusts to diversify their holdings.

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