Bunge reports loss for the fourth quarter, plans to quit sugar trading business

US - Bunge has reported a loss of US$60 million in the fourth quarter in for its agribusiness, sugar and bioenergy and edible oils business in the year 2017. The world-leading agricultural merchant has posted weaker earnings as compared to last year when it recorded a net profit of US$271million. Bunge says that this came…

ADM agrees to buy Bunge Ltd, according to various sources

US - The world's largest corn mill of global grain company, Archer Daniels Midland Co, has reached an agreement to buy smaller rival Bunge Ltd, as reported by Bloomberg, citing unnamed sources familiar with the matter. The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops…

Bunge to acquire 70% of specialty oils major IOI Loders Croklaan

SWITZERLAND – Bunge, a leading global agribusiness and food company, has entered into a definitive agreement to acquire a 70% ownership interest in IOI Loders Croklaan, a global leader in specialty oils for the food and related industry, from IOI Corporation Berhad for US$946 million. The transaction, comprising €297 million and $595 million in cash, expands…