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Covantis clears regulatory hurdles

Covantis clears regulatory hurdles

GENEVA, SWITZERLAND – Covantis, the industry initiative that aims to modernize global trade operations, announced on March 31 that it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland as Covantis SA. The company is co-owned by its founding members: ADM, Bunge, Cargill, COFCO, Louis Dreyfus Company and Glencore Agriculture.