Green Plains (GPRE) just unveiled an announcement.
Green Plains Inc. streamlined its business structure by acquiring all the outstanding shares of Green Plains Partners LP, leading to a consolidation of its reportable segments from three to two. The reshuffle, effective from the first quarter of 2024, now presents the company’s operations under Ethanol Production and Agribusiness and Energy Services. This reorganization sees the integration of fuel storage and transportation services into the Ethanol Production segment and maintains the elimination of certain intersegment activities at the consolidated level for clearer financial reporting.
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