Bunge to Buy 70% Ownership Interest in IOI Loders Croklaan for $946 Mln

Bunge to Buy 70% Ownership Interest in IOI Loders Croklaan for $946 Mln

Bunge (BG) said Tuesday it has agreed to acquire a 70% ownership interest in IOI Loders Croklaan from IOI Corporation Berhad for $946 million. Bunge said Loder’s portfolio includes palm and tropical oil-derived products, confectionery, bakery and infant nutrition applications. The company said the transaction will be immediately accretive to cash earnings, with Loders seen generating $105 million of EBITDA in 2018 on a stand-alone basis, plus the transaction is […]

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