Monday, 11 July 2016
Bunge Wilmar sell half of its business of soybean processing in Vietnam
Bunge, one of the world's leading grain traders and processors, and sells to Singapore company Wilmar International Ltd and 45% owned 90% of shares in a subsidiary for the processing of soybean in Vietnam, reported the press service of the Bunge
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The transaction is expected to allow companies to consolidate joint position in the feed market of Vietnam, which is actively developing in recent years.
"The partnership with Wilmar will provide additional operational, marketing and organisational advantages in creating an efficient supply chain of soybean oil and meal in the Vietnamese market and will give us the opportunity to stay in this region a relatively inexpensive operator with the greatest possible efficiency", — commented on the agreement Bunge CEO Soren Schroder.
Translated by service "Yandex.Translation"
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