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

BUNGE LTD (BG)
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DuPont Buys Full Ownership Of Solae Venture From Partner Bunge

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05/01/2012 | 04:05pm CEST

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; [email protected]

Stocks mentioned in the article : Bunge Limited
Stocks mentioned in the article
ChangeLast1st jan.
BUNGE LTD 0.24% 70.19 Delayed Quote.4.47%
E I DU PONT DE NEMOURS AND CO 0.00%-End-of-day quote.14.35%
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Financials ($)
Sales 2018 47 298 M
EBIT 2018 1 254 M
Net income 2018 755 M
Debt 2018 3 616 M
Yield 2018 2,63%
P/E ratio 2018 13,43
P/E ratio 2019 12,50
EV / Sales 2018 0,29x
EV / Sales 2019 0,26x
Capitalization 9 877 M
Chart BUNGE LTD
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Bunge Ltd Technical Analysis Chart | BG | BMG169621056 | 4-Traders
Technical analysis trends BUNGE LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 86,7 $
Spread / Average Target 24%
EPS Revisions
Managers
NameTitle
Soren W. Schroder Chief Executive Officer & Director
L. Patrick Lupo Non-Executive Chairman
Thomas Michael Boehlert Chief Financial Officer & Executive Vice President
Enrique H. Boilini Independent Director
Ernest G. Bachrach Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BUNGE LTD4.47%9 877
NESTLÉ-10.91%233 167
THE KRAFT HEINZ COMPANY-20.76%75 113
MONDELEZ INTERNATIONAL-4.63%60 212
DANONE-7.21%51 622
ASSOCIATED BRITISH FOODS-2.98%28 753