Corbion in discussions to acquire Bunge's stake in SB Renewable Oils joint venture
14 Febbraio 2018 - 12:03PM
Corbion nv (Euronext Amsterdam:
CRBN) ("Corbion") announces it is in discussions with Bunge Limited
(NYSE: BG) ("Bunge") regarding the potential acquisition by Corbion
of Bunge's stake in the SB Renewable Oils joint venture. Today,
Bunge has also disclosed these discussions, as part of a strategic
update alongside the release of its year-end 2017 financial
results.
Corbion and Bunge are 50.1%/49.9% partners in SB
Renewable Oils, a joint venture that operates a facility in Brazil,
specializing in the production of algae ingredients, such as Omega
3 rich oil, for aquaculture and animal feed.
While the discussions are constructive, it is
uncertain if and when they will lead to an agreement.
180214_Release_CorbionBungeStake_Eng
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The issuer of this announcement warrants that they are solely
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information contained therein.
Source: Corbion via Globenewswire
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