At least three potential bidders have expressed an interest in buying two soy processing plants put up for sale by Brazilian grain crusher Imcopa Importação, Exportação e Indústria de Óleos SA, two sources familiar with the bidding process told Reuters.
The bidders are U.S.-based Bunge, CJ Selecta, owned by South Korea’s CJ Cheiljedang, and the local unit of Russia’s Sodrugestvo, according to the sources.
Proceeds from the plants, operated by Brazilian brewer Cervejaria Petrópolis under a leasing agreement, would repay Imcopa’s creditors under terms of a restructuring plan approved by the company’s lenders in late 2017.
