Archer Daniels Midland acquires DCA Finance

DCA Finance in Lelystad, broker on agricultural futures markets for potatoes, for example, is taken over by the American commodities giant Archer Daniels Midland. This was announced by ADM and DCA this morning (Monday). "This takeover is in the interest of the continuity of the potato futures market", Edwin Burgers, director of DCA Group, explains the move.

The acquisition of DCA Finance is done by Archer Daniels Midland Limited in the United Kingdom. This British division of ADM is the sole shareholder of the investment firm ADM Investor Services International Limited (ADMISI), which will eventually incorporate DCA Finance. The acquisition is still subject to approval by the Dutch regulators, the Netherlands Authority for the Financial Markets and De Nederlandsche Bank. This process is expected to take several months.

DCA Finance was founded eighteen years ago by Kees Maas and Edwin Burgers, who have developed the company into a leading intermediary in the European potato futures market EEX in Leipzig in particular. Even after the takeover, they will continue to provide services to customers together with Pieter Post under the supervision of ADMISI. In addition to chips potatoes, there are more opportunities to trade on other raw material, currency and energy markets after the takeover, Burgers said in a statement.

DCA Finance announced at the end of March this year an agreement to have concluded with ADMISI for the clearing on the potato futures market EEX in Leipzig from the trading season 2023/24.

The acquisition of ADM only concerns DCA Finance. DCA Markets BV (publisher of various market quotes) and DCA Market Intelligence BV (publisher of Boerenbusiness.nl and Foodbusiness.nl) will remain part of the DCA group. 

Eric the Thrush

Eric is a member of the editorial staff of Boerenbusiness. As a descendant of an arable family, farmer's blood flows through Eric's veins. He considers himself a generalist, but with a preference for economics, trends, markets and marketing.

e.delijster@boerenbusiness. Nl

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