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Bunge to Sell Brazilian Fertilizer Business to Yara for $750 Million in Cash

 Bunge to Sell Brazilian Fertilizer Business to Yara for $750 Million in Cash

PR Newswire

WHITE PLAINS, N.Y., Dec. 7, 2012

WHITE PLAINS, N.Y., Dec. 7, 2012 /PRNewswire/ --Bunge Limited (NYSE: BG)
today announced it has entered into a definitive agreement with Yara
International ASA under which Yara will acquire Bunge's Brazilian fertilizer
business, including blending facilities, brands and warehouses, for $750
million in cash.

Bunge and Yara have also agreed to enter into a long-term fertilizer supply
agreement, enabling Bunge to continue to supply fertilizer to farmers as part
of its grain origination activities and creating a framework for logistics and
other commercial activities related to fertilizer sales. Bunge will retain and
continue to operate its fertilizer terminal in the Port of Santos, Brazil.

Alberto Weisser, Bunge's Chairman and Chief Executive Officer, stated, "The
transaction is a good one for both companies. It enables Bunge to size our
fertilizer activities so they are a more streamlined complement to our
agribusiness operations and provides Yara with a larger position in a
high-growth market. We're confident the transaction will provide benefits to
our employees and customers, and that the business will continue to grow as
part of Yara's global portfolio."

The transaction, which is expected to close in the second half of 2013, is
subject to customary closing conditions, including the receipt of regulatory
approvals in Brazil. The purchase price is subject to certain post-closing
adjustments.

Credit Suisse acted as Bunge's financial advisor in the transaction. Bunge's
legal advisors were Souza Cescon Barrieu & Flesch Advogados and Shearman &
Sterling LLP.

About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and
food company operating in over 40 countries with approximately 35,000
employees. Bunge buys, sells, stores and transports oilseeds and grains to
serve customers worldwide; processes oilseeds to make protein meal for animal
feed and edible oil products for commercial customers and consumers; produces
sugar and ethanol from sugarcane; mills wheat, corn and rice to make
ingredients used by food companies; and sells fertilizer in North and South
America. Founded in 1818, the company is headquartered in White Plains, New
York.

Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements.
All statements, other than statements of historical fact are, or may be deemed
to be, forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements are not based on
historical facts, but rather reflect our current expectations and projections
about our future results, performance, prospects and opportunities. We have
tried to identify these forward-looking statements by using words including
"may," "will," "should," "could," "expect," "anticipate," "believe," "plan,"
"intend," "estimate," "continue" and similar expressions. These
forward-looking statements are subject to a number of risks, uncertainties and
other factors that could cause our actual results, performance, prospects or
opportunities to differ materially from those expressed in, or implied by,
these forward-looking statements. The following important factors, among
others, could affect our business and financial performance: industry
conditions, including fluctuations in supply, demand and prices for
agricultural commodities and other raw materials and products used in our
business; fluctuations in energy and freight costs and competitive
developments in our industries; the effects of weather conditions and the
outbreak of crop and animal disease on our business; global and regional
agricultural, economic, financial and commodities market, political, social
and health conditions; the outcome of pending regulatory and legal
proceedings; our ability to complete, integrate and benefit from acquisitions,
dispositions, joint ventures and strategic alliances, including the
transactions discussed in this press release; our ability to achieve the
efficiencies, savings and other benefits anticipated from our cost reduction,
margin improvement and other business optimization initiatives; changes in
government policies, laws and regulations affecting our business, including
agricultural and trade policies, tax regulations and biofuels legislation; and
other factors affecting our business generally. The forward-looking statements
included in this release are made only as of the date of this release, and
except as otherwise required by federal securities law, we do not have any
obligation to publicly update or revise any forward-looking statements to
reflect subsequent events or circumstances.

SOURCE Bunge Limited

Website: http://www.bunge.com
Contact: Investor Contact: Mark Haden, Bunge Limited, +1-914-684-3398,
mark.haden@bunge.com; or Media Contact: Susan Burns, Bunge Limited,
+1-914-684-3246, susan.burns@bunge.com