Green Plains Enters Into Agreement to Sell Obion, Tennessee Plant to POET
Vinson & Elkins advised Green Plains, Inc. on its entry into a definitive agreement to sell its Rives, Tennessee ethanol plant for $190 million in cash, inclusive of an estimated $20 million of working capital.
The asset purchase agreement was signed on August 22, 2025, and the transaction is expected to close during the third quarter of 2025, subject to customary closing conditions.
The Vinson & Elkins corporate team was led by partners Sarah Morgan and Francisco Morales Barron, with assistance from senior associate Jennifer Singh. Also advising were associate John Sasso; partners Hill Wellford and Kara Kuritz and associate Adam Thomas; and partner Jennifer Cornejo and associate Alyssa Sieja.
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