Bunge completed the acquisition of a 10% stake in Bunge Loders Croklaan from IOI for $111m.

Bunge, an agribusiness and food company, completed the acquisition of a 10% stake in Bunge Loders Croklaan, a producer and supplier of sustainable plant-based specialty oils and fats, from IOI, an integrated and sustainable palm oil player, for $111m. “The share sale is provided for in the shareholders’ agreement entered into by KBBV and the company in 2018, and the share sale consideration is based on the mechanism for the put and call options provided in the SHA. With the completion of the share sale, the company’s equity interest in BLC has reduced from 30% to 20% and accordingly, the existing put and call options provided in the SHA have been terminated. The existing business collaboration between the company and Bunge remains, and both parties will continue to harness the benefits of existing synergistic partnership in expanding BLC’s business,” IOI Corp.