DJ Bunge In Billion-Dollar Deal To Buy Brazil Sugarcane Co -Estado

Posted on: Mon, 23 Nov 2009 16:39:00 EST


Symbols: BG
SAO PAULO, Nov 23, 2009 (Dow Jones Commodities News via Comtex) --
BG | Quote | Chart | News | PowerRating -- Bunge Limited (BG) has signed an agreement to buy Brazilian privately held sugarcane company Moema, the local Estado newswire reported after market hours on Monday.

Bunge's press and investor relations office in White Plains, N.Y., was unavailable for immediate comment on a deal Estado cited unnamed sources as saying was close to $1.35 billion.

Moema is a mid-sized sugar and ethanol milling company. If Bunge acquired Moema, it would be one more step in further consolidation in Brazil's sugarcane and ethanol producer industry.

-By Kenneth Rapoza, Dow Jones Newswires; 5511-2847-4541; kenneth.rapoza@dowjones.com

(END) Dow Jones Newswires

11-23-09 1639ET

For full details on Bunge Ltd (BG) BG. Bunge Ltd (BG) has Short Term PowerRatings at TradingMarkets. Details on Bunge Ltd (BG) Short Term PowerRatings is available at This Link.

UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday February 11 04:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.