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Bunge To Buy 49% Of BZ Group For Undisclosed Sum

Bunge Ltd. (BG), an agricultural commodities trader, and BZ Group, a French agricultural prodcuts firm, said on Tuesday that they have inked a strategic deal to allow Bunge buy 49 percent of BZ Group.

BZ Group will remain as majority shareholder with 51 percent shares in the post transaction.

The financial terms of the deal were not disclosed.

Christos Dimopoulos, Co-President, Agribusiness at Bunge, said: "This partnership will strengthen our global network and allow us to provide customers with a broad portfolio from the most important origins."

Normandy-based BZ Group, obtains agricultural products including grains, oilseeds, and pulses from farmers and suppliers in the northwest of the country to export to its customers via its port terminal in Rouen.

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