UPDATE 1-BUNGE’S BRAZIL UNIT SIGNS CONTRACT TO ACQUIRE TWO SOY PLANTS FROM IMCOPA

SAO PAULO, May 20 (Reuters) – Bunge’s Brazil unit has signed a contract to acquire two soy crushing plants from Imcopa, according to a statement sent to Reuters on Wednesday, marking another step to consolidate its position as Brazil’s largest soybean crusher.

Imcopa, which is operating under bankruptcy court protection, confirmed the signing of the contract and said the aim of the sale is to keep the plants running and protect jobs, according to a separate statement.

 

By Ana Mano via Successful Farming

 

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