Bunge buys out Itochu’s 20% JV holding in Brazilian sugar mills

August 11, 2014 |

In Brazil, Bunge will buy out Itochu’s 20% share of their sugarcane joint venture, leaving Bunge with 100% ownership of the two mills. Itochu is backing out because it sees an uncertain future for the profitability of the mills. Bunge is also potentially divesting its sugarcane holdings in the country for similar reasons.

 

Category: Fuels

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