Bunge to sell 35 U.S. grain elevators to Zen-Noh Grain [Yahoo! Finance News]
Bunge Limited Common Shares (BG)
Last bunge limited common shares earnings: 2/12 06:00 am
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Source: Yahoo! Finance News
By Karl PlumeCHICAGO, April 21 ) - Agricultural commodities trader Bunge Ltd said on Tuesday it will sell 35 of its interior U.S. grain elevators to Zen-Noh Grain Corporation, dramatically reducing its grain origination network in the United States.Financial details of the sale with the subsidiary of Japan's Zen-Noh Group were not disclosed, and the deal is subject to customary closing conditions and regulatory approvals, Bunge said.Although the sale will significantly reduce the number of Bunge grain storage and handling assets in the United States, Bunge said "certain supply agreements" with Zen-Noh will result in a "larger and stronger origination and distribution network."Before the sale, Bunge owned 158 grain storage facilities globally, according to regulatory filings.Bunge will retain ownership of its bulk grain export terminal in Detrehan, Louisiana, and its jointly owned EGT Grain export terminal in Longview, Washington. It will also retain ownership of elevators in its Bunge
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- 4/16/24 - Form 8-K
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