Bunge Completes Cereol Buyout

Bunge Completes Cereol Buyout

WHITE PLAINS, N.Y.--Bunge Limited (NYSE:BG) announced April 10 it owns 100 percent of Cereol S.A., which had been delisted from the Premier March of Euronext Paris (the French stock exchange). Originally, Bunge acquired a 55-percent stake in Cereol from Edison S.p.A. Oct. 15, 2002. By Nov. 28, the company had acquired 97.38 percent via a bid for outstanding shares. Under French law, Bunge was able to launch a minority buyout offer for the remaining shares. This acquisition makes Bunge the world's leading oilseed processor, according to the company.

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