Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Bunge Ltd    BG   BMG169621056

Delayed Quote. Delayed  - 09/03 03:01:37 pm
71.07 USD   +0.20%
09/02DJM&G Inv Management Ltd Form 8.3 - Royal Dutch Shell Plc
08/31DJON THE FARM : Startups Put Data in Farmers' Hands
08/17 BUNGE LTD : ex-dividend day
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

DuPont Buys Full Ownership Of Solae Venture From Partner Bunge

05/01/2012 | 10:05am US/Eastern

DuPont Co.'s (DD) acquired full ownership of Solae LLC, its soy-based ingredients venture with Bunge Ltd. (>> Bunge Limited), as it looks to expand its position in the food ingredients market.

DuPont previously owned 72% of the venture while Bunge owned the remaining 28%.

Financial terms of the deal weren't disclosed.

The companies formed the venture in early 2003 to produce and distribute specialty food ingredients. At that time, DuPont estimated initial global revenue from Solae to exceed $800 million annually. In exchange for its specialty-food-ingredients businesses in 2003, Bunge was to receive the 28% interest in the venture plus an estimated $260 million, which was funded by joint-venture debt.

DuPont said its long-term segment financial targets are to post a 7% to 9% compound annual growth rate for sales and to expand pretax earnings margins 12% to 14%. With full ownership of Solae, DuPont expects to reach the upper end of its margin targets with planned synergies.

The chemicals giant last month reported its first-quarter profit rose 4% as higher pricing and a jump in sales of agricultural products contributed to a 12% sales increase.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stocks mentioned in the article : Bunge Limited
React to this article
Latest news on BUNGE LTD
09/02DJM&G Inv Management Ltd Form 8.3 - Royal Dutch Shell Plc
08/31DJON THE FARM : Startups Put Data in Farmers' Hands
08/17 BUNGE LTD : ex-dividend day
08/11 BUNGE : Entry into a Material Definitive Agreement, Creation of a Direct Financi..
08/06DJCargill Swings to Loss on Charges, Sluggish Emerging Markets
08/05 BUNGE : Declares Dividends on Common and Preference Shares
08/04DJArcher Daniels Midland Earnings Fall on Record Ethanol Production -- Update
08/04DJArcher Daniels Midland's Earnings Fall
08/02DJGrain Price Swings Damp Agribusiness
08/01DJHow Whipsawing Grain Prices Are Affecting ADM, Cargill
Advertisement
Chart
Duration : Period :
Bunge Ltd Technical Analysis Chart | BG | BMG169621056 | 4-Traders
Income Statement Evolution
More Financials