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Casillo's trading business Transgrain France to close

11/24/2020 | 12:06pm

PARIS, Nov 24 (Reuters) - Trading firm Transgrain France is to close as part of a wider restructuring at Italian parent Casillo, it said on Tuesday.

Family-controlled Casillo is a large wheat trader and miller, specialising in the durum wheat variety used in pasta.

Casillo is "refocusing on various industrial activities and historical trading activities," Transgrain said in a statement.

Jean-Philippe Everling, a veteran French trader and well-known figure in the European Union's biggest grain-producing country, will remain chief executive of Transgrain while the business is wound down, said the statement, co-signed by Everling and Casillo board member Francesco Casillo.

As part of its restructuring, Casillo is also to shut its Russian office, grain traders said.

Casillo did not immediately respond to a request for comment on the Russian outlet.

(Reporting by Gus Trompiz and Michael Hogan, editing by Sybille de La Hamaide and Jane Merriman)

© Reuters 2021
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