LDC acquires operations in Hungary, Poland from Bunge

Louis Dreyfus Co. (LDC) has successfully completed its transaction with Bunge Global SA to acquire Viterra’s former grains and oilseeds businesses in Hungary and Poland. Financial terms were not disclosed in the Sept. 1 announcement. Bunge completed its $8.2 billion merger with Viterra on July 2. The European Commission had required Bunge to divest the entirety of Viterra’s oilseed businesses in Hungary and Poland and logistical assets tied to those operations in giving its approval to the merger. “The transaction reflects the Group’s strategic plans to further reinforce its core merchandizing capabilities — in this case, for European grains and oilseeds origination, processing and distribution,” said Michael Gelchie, chief executive officer of LDC. In Hungary, the transaction included: In Poland, the transaction included: “This development presents a strategic opportunity for LDC’s Grains & Oilseeds platform to expand its business in a growing global sunflower market, reinforce ...