Bunge (BG) has announced an agreement to sell its European margarines and spreads business to Vandemoortele. The completion of the sale is subject to customary closing conditions, including regulatory approval. With this agreement, Vandemoortele expects to acquire Bunge’s margarines and spreads business in Germany, Finland, Poland and Hungary, along with its spreads and margarine manufacturing sites and a portfolio of 20 consumer brands.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BG:
- U.S. to help restore Russian access to world fertilizer market, Reuters reports
- U.S. to help restore Russia’s access to world market for agricultural exports
- China’s tariffs on U.S. agricultural products now effective, NY Times reports
- Trump’s tariffs on Canada, Mexico take effect as Beijing hits back, WSJ reports
- Trump says agricultural products from outside of U.S. to see tariffs on April 2