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Exxe to acquire European agricultural processing company Portlani

Exxe Group Inc. is acquiring Europe-based agricultural processing and industrial warehousing company Portlani Processing.

Exxe said it bought a controlling stake representing approximately $11 million in assets.

The transaction is Exxe's third acquisition among its four major agribusiness targets. The company said that following the deal's completion, it aims to finalize contracts to acquire at least one more core company in the agribusiness sector.