- Bunge (NYSE:BG -1.2%) agrees to sell half its stake in oilseed crushing operations in Vietnam to Singapore's Wilmar International (OTCPK:WLMIF), the world's largest palm oil processor and one of the biggest soybean buyers, for an undisclosed sum.
- The sale creates a three-party joint venture with BG and Wilmar as equal 45% shareholders and Vietnam's Quang Dung retaining its existing 10% stake in the operations.
- BG says the deal will "create increased operating, marketing and logistics synergie," and will help the company "remain a low-cost operator with the highest efficiency possible."