Bunge To Buy Controlling Interest In Grupo Minsa's Corn Milling Business

(RTTNews) - Bunge North America, the North American operating arm of Bunge Limited (BG), announced it has reached a subscription agreement to invest in Grupo Minsa S.A.B. de C.V. or the "Company", a leading corn flour producer, securing a controlling financial interest in the Company.

The transaction is expected to close in early 2017, subject to the authorization of the Comisión Federal de Competencia Económica (Mexican Antitrust Commission), the successful delisting of the Company from the Mexican Stock Exchange, and other customary closing conditions.

As part of the transaction, Bunge will take management control of four mills in Mexico and two mills in the United States. The facilities have a combined annual processing capacity of 700,000 metric tons and produce a broad portfolio of branded corn flours and pre-mixes for tortillas and other goods.