Another asset disposal for Cargill.
The agricultural trading house has agreed to sell two oilseed crushing and refining facilities in Europe to rival Bunge, reports Emiko Terazono, Online Commodities editor.
No valuation was disclosed. Cargill has been busy reshaping its vast portfolio over the past year. In July, it agreed to sell its farm retail business to Calgary based fertiliser group Agrium.
It has also exited businesses such as steelmaking, hedge funds, US pork production and dressing and sauces.
For Bunge, the plants in the Netherlands and France will complement its European oilseed crushing and refining business, which is largely situated in the south of the continent.
Bunge has also been busy dealmaking this year, announcing an oilseed crushing joint venture in June with Wilmar and last month agreeing to expand its joint venture with Ammaggi in Brazil.
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