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 (http://hugin.info/160089/R/2168720/835073.pdf)
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Source: Corbion via Globenewswire
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corbion via Globenewswire
