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New Deal


Announced

Seara Alimentos to acquire Bunge's margarine and mayonnaise assets for $131m.

Financials

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Transaction Value£100m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Brazil

Acquisition

Pending

margarine products

mayonnaise

Majority

Friendly

Food Products

Private

Single Bidder

Synopsis

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Seara Alimentos, a producer and distributor of pork and poultry products, agreed to acquire Bunge margarine and mayonnaise assets, for $131m. The transaction is subject to regulatory approval. "This transaction further streamlines our operations in Brazil around our core capabilities, while providing good value for a solid business. It also represents another incremental step in executing a key priority of optimizing our overall portfolio," Greg Heckman, Bunge's Chief Executive Officer.

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