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Sale of Bunge's Brazil fertilizer assets expected to close in third quarter

11:21 AM MDT | July 26, 2013 | Francinia Protti-Alvarez

Bunge's (White Plains, NY) previously announced sale of its Brazil-based fertilizer business to Yara International (Oslo) remains on track and is expected to be finalized during the third quarter, says Drew Burke, CFO of Bunge. The sale of Bunge's fertilizer assets was announced in December 2012, as reported by CW. The proposed transaction is valued at $750 million and is subject to the approval of Brazil's competition authority, CADE; and other customary approvals. Bunge announced today that its fertilizer division achieved $9 million in profit and $101 million...

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