Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

Photoblog

 




Home > News

Bunge to Acquire 70% Ownership Interest in IOI Loders Croklaan

15.09.2017 09:10 "Agro Perspectiva" (Kyiv) Bunge Limited, a leading global agribusiness and food company, today announced that it has entered into a definitive agreement to acquire a 70% ownership interest in IOI Loders Croklaan («Loders») from IOI Corporation Berhad («IOI») (KLSE:IOICORP) for $946million, comprising 297million and $595million in cash. The transaction expands Bunges value-added capabilities, reach and scale across core geographies to establish Bunge as a global leader in B2B oil solutions. Following the completion of the transaction, Bunges enhanced product offering will further support the growth of its customers around the world.

Loders is an established leader in the growing $33billion semi-specialty and specialty B2B oils market. Its portfolio includes the full range of palm and tropical oil-derived products with strength in confectionery, bakery and infant nutrition applications. Loders serves global food industry customers in more than 100countries around the world and reported fiscal year 2016revenues of $1.6billion.

Soren Schroder, Bunges Chief Executive Officer, said, «This is a compelling transaction for Bunge. It delivers on our stated objective to expand our value-added business by accelerating our growth in B2B semi-specialty and specialty oils. Together with Loders, we will have a comprehensive product offering derived from seed and tropical oils, with leading innovation, application capabilities and sustainability programs. This complete seed and tropical oil portfolio will position Bunge to be a full service partner and uniquely able to help our customers innovate and grow for the future. We are excited about the benefits that this combination will create for Bunges shareholders, as well as for the employees, customers and business partners of our companies. The key capabilities that the talented employees of Loders bring in customer intimacy, market knowledge and application development will be a competitive advantage for the combined business. We look forward to welcoming the Loders team to Bunge.»

«We are delighted to join a company that shares our commitment to innovation, sustainability and superior service,» said Julian Veitch, Chief Executive Officer of Loders. «Together, we will be a leader in innovation with global applications capabilities, making us the supplier of choice to our customers. I also expect Loders employees to benefit as they become part of a larger, global organization. We look forward to working with the Bunge team to maximize the opportunities that this transaction creates.»

Dato Lee Yeow Chor, Chief Executive Officer of IOI, stated, «From our discussions with Bunge about a potential partnership, we can see that Loders will benefit greatly from Bunges global asset footprint and expertise in seed oils sourcing and seed oil-based product offerings. IOI is excited about the opportunity to participate in the future growth of the combined Bunge and Loders business and to realize our shared ambition of forming a formidable global specialty edible oils player.»

Agro Perspectiva

< UNICEF brings supplies to Rohingya children within Bangladesh All news for
15.09.2017
UN human rights expert urges strengthening fight against challenges impacting world poor >

18.06.2018  
23:08 Groisman: Ukraine can double agrarian output
22:39 Ukrainian ice cream quality remains high
22:14 Harvesting 2018: early grains harvesting has been joined by Zaporizhzhia region agrarians
21:18 Ukraine launches world third plant for high-protein animals feeding additives output
20:32 FAO: Heat-resistant crops, green infrastructure, can help Near East/North Africa to better tackle droughts
15.06.2018  
20:58 State Reserve Agency seeks to hit its stocks replenishing record
19:21 Brazil grains/leguminous crops output forecasted to decline 3.4%
18:36 Iran once again launched 60,000 tons sugar purchase tender
17:11 Semerak: Ukraine demonstrates environmental policy progress
15:04 Agrarian Ministry, FAO define priorities for agro-industrial complex business climate improving
14.06.2018  
23:19 EBRD to give Ukraine EUR250 million for green energy
22:41 Groisman to meet with Ternopil region agrarians
22:03 Economic Development Ministry to raise domestic alcohol beverages minimum prices
20:18 DPZKU starts new crop grains purchasing
19:13 UN first global study: At least 2.5 million migrants smuggled within 2016
16:10 Southeast Asia and Sub-Saharan Africa Now Top Wheat Importers
11:00 Senate Agriculture Committee Passes Strong Bipartisan Farm Bill
10:00 BASF invests in carbon recycling company LanzaTech
09:15 Soy Growers Following Progress of Senate Farm Bill
13.06.2018  
23:06 As of Jun 13, Ukraine exported 38.15 million tons grains
22:44 333 investment projects implemented within Ukrainian agroindustrial complex
22:13 Within Belarus, drought damaged sugar beets sown areas
21:08 Trofimtseva: Ukrainian agricultural export to EU up US$145 million
20:14 Guterres: Prevention is key to breaking HIV transmission cycle
12.06.2018  
23:46 IFC signs contract with Agrofusion ahead of schedule
23:08 UAH725 mln invested into Sumy region agriculture
22:19 Kherson region to build a mineral fertilizers plant
21:03 Ukrainian south regions start harvesting
19:36 WHO: Paraguay having eliminated malaria shows what is possible
11.06.2018  
23:06 Philippines to import 200,000 tonnes sugar
22:21 Ukrainian agriculture average monthly salary up 21.5%
21:03 Ukrainian May domestic foods prices down
20:17 Ukrainian May sugar export over 50,000 tons
18:22 WHO: very strong progress within battling DR Congo Ebola outbreak
08.06.2018  
23:11 Sowing campaign 2018: grains maize sown at 99% total planned areas
22:09 Chelombitco: We are worried about illicit/counterfeit plant protection agents growth
21:44 Kovaliova: Organic products output stimulates related branches development
19:18 Foreign investors help to boost Ukrainian export
08:43 Bayer closes Monsanto acquisition
07.06.2018  
23:04 Kazakhstan sugar output almost twice up
22:19 Australian GrainCorp opens firm within Ukraine
21:14 Vietnam resumes wheat import from Ukraine
19:11 Groisman: Investments into agricultural sector are investments into State development
17:06 As of 2017, Ukrainian agricultural companies acquired almost 3,700 tractors
06.06.2018  
23:41 Artemsil new food product to appear at Ukrainian stores
20:46 EUR50 million bakery complex to be built within Kharkiv region
16:18 Ukrainian, Swiss agrarian branch managers met within Kyiv
15:02 HarvEast launches irrigation second stage within Donetsk region
12:43 Semerak: 99% Ukrainian waste landfills do not meet current environmental requirements
05.06.2018  
23:26 Cherkassy region sugar beet sowing over

Also available: 

Agrarian Week in digital



READ ON-LINE



NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Exhibitions
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
     Lenty.Ru   +
2002 -2018 © Agrarika, ltd.
tel.: +38 (044) 486-9171, 486-8119
fax: +38 (044) 486-8830, 494-4889
e-mail: info@agroperspectiva.com