Corbion and Bunge sign interim-agreement regarding the acquisition of Bunge's stake in SB Renewable Oils joint venture
Corbion nv (Euronext Amsterdam: CRBN) ("Corbion") announces that it has signed with Bunge Limited (NYSE: BG) ("Bunge") a share purchase agreement regarding the potential acquisition by Corbion of Bunge's stake in the SB Renewable Oils joint venture.
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.
The completion of the share purchase agreement is subject to certain conditions, including finalization of long-term supply agreements, and regulatory approval.
If and when the parties reach final agreement, we will inform the market accordingly.
Product not available in your region
This product is not available in the selected region.
If you want this product in your region, or find a suitable alternative, please contact us,