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Grain and oilseeds joint venture in South Africa to go ahead
Grain and oilseeds joint venture in South Africa to go ahead

Grain and oilseeds joint venture in South Africa to go ahead


Senwes - Oct 3rd 2011, 13:45

The Competition Commission has approved a joint venture agreement between Bunge SA and Senwes Limited and has issued a merger clearance certificate.  

Bunge and Senwes have indicated that they are delighted with the outcome and have furthermore advised that the transaction will become effective as from 1 October 2011.

The green light has been given by the Competition Commission following an announcement on 1 April 2011 by Bunge Europe Middle East Africa, the operating arm of Bunge Limited (NYSE: BG), a leading global agribusiness and food company, and Senwes Limited, a South African agribusiness company, of a joint venture agreement concluded for the procurement and marketing of grain and oilseeds operations in South Africa and other countries in Africa.  

Read more about: supplier news | fmcg

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