Perishable Pundit
 
  Home | About | Archives | Sponsorship | Contact Us | Submit / Suggest
  Bakery rss  
   
   Bunge Scraps Deal For Controlling Stake In Grupo Minsa
by Reuters
Posted: Tuesday, November 21, 2017 at 3:30PM EST

U.S. agricultural commodities trader Bunge Ltd (BG.N) said Friday it has terminated a deal for a controlling stake in Mexican corn miller Grupo Minsa SAB de CV (MINSAB.MX), an acquisition that would have made Bunge the top grain miller in Mexico.

The deal would have given Bunge control of four corn mills in Mexico and two mills in the United States. Minsa could not immediately be reached for comment.

The termination is a setback for Bunge’s strategy to grow its food and ingredients unit with higher-margin business like specialty milling and oilseed processing. Its goal is for food and ingredients to bring in a third of the company’s profit.

To read the rest of the story, please go to: Reuters 


print article
Print Article
send article
Send Article
Respond
Respond
Permalink
Permalink
Share Article
Share Article


Bakery Dairy Deli Floral  Meat & Poultry Produce Seafood Retail & Foodsvc
 Galaxy Desserts  Lowe Refrigeration  Rustic Crust  Rubschlager  Produce Business uk  

mail to friend

Got News? Send your latest press releases and announcements to BakeryPR@PerishableNews.com