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Bunge acquires stake in mid-sized Brazil grains trader -statement
September 22, 2017 / 10:02 PM / 3 months ago

Bunge acquires stake in mid-sized Brazil grains trader -statement

SAO PAULO, Sept 22 (Reuters) - The Brazilian unit of U.S.-based commodities trader Bunge Ltd said on Friday it reached an agreement to acquire a minority stake in Agrícola Alvorada, a mid-sized grains trader located in Brazil’s top soy producing state of Mato Grosso.

Bunge said in a statement that the deal will strengthen its grains sourcing activities in Brazil.

Financial details or size of the stake were not disclosed. (Reporting by Marcelo Teixeira and Roberto Samora; Editing by Sandra Maler)

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