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Bunge to buy 70 pct stake in IOI Group unit for $946 million
September 12, 2017 / 10:53 AM / 12 days ago

Bunge to buy 70 pct stake in IOI Group unit for $946 million

Sept 12 (Reuters) - Agricultural commodities trader Bunge Ltd said on Tuesday it would buy a 70 percent stake in IOI Loders Croklaan from Malaysian palm oil producer IOI Corp Berhad for $946 million.

IOI Loders’ portfolio includes palm and tropical oil-derived products.

The deal is expected to close in the next 12 months and IOI Loders will retain its brand and operate as part of Bunge’s food & ingredients business, Bunge said. (Reporting by John Benny in Bengaluru; Editing by Shounak Dasgupta)

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