CF reportedly eyeing sale of terminals

Deerfield, Ill.-CF Industries Holdings Inc. is reportedly eyeing the sale of at least a handful of terminals in the Cornbelt, according to reports from industry sources in recent weeks. Those identified were in Cincinnati, Ohio (UAN and dry); Albany, Ill. (dry, UAN, and ammonia); St. Louis, Mo. (dry); and Peoria, Ill. (dry). CF had no comment. Sources note that any sale would be in line with CF’s promise to garner $135 million in synergies (GM May 31, Aug. 2, 2010) within 18-24 months from its recent acquisition of Terra Industries Inc.