Benzinga | Oct 22, 2021 11:47AM EDT

Archer-Daniels-Midland Invests In Acies Bio

* Archer-Daniels-Midland Co (NYSE:ADM) has revealed equity investment in Acies Bio, a Slovenia-based biotechnology company. The company did not disclose specific financial details of the investment.

* Acies Bio specializes in R&D and manufacturing services for developing and scaling synthetic biology and precision fermentation technologies for food, agriculture, and industrial applications.

* ADM expects the investment to help more quickly advance projects in the field of precision microbial fermentation.

* ADM is investing in Acies Bio through its corporate venture capital arm, ADM Ventures.

* Price Action: ADM shares are trading higher by 1.03% at $65.64 on the last check Friday.