Bunge Bids for Two Brazil Soy Plants
Company makes $12M offer to local crusher Imcopa
Bunge Ltd. has offered to buy two soy processing plants in Brazil from local crusher Imcopa, the US grains trader said on Tuesday, reinforcing its position as the country’s biggest oilseeds processor.
Two sources familiar with the transaction told Reuters that Bunge agreed to pay about 50 million reais ($12 million) for the plants while assuming debt of around 1 billion reais related to the assets, located in the state of Paraná.
In a statement, Bunge confirmed making a bid for the assets, adding that it was awaiting a court decision to continue with the process.