Bunge Completes Sale of Brazilian Fertilizer Business to Yara

Bunge Limited

today announced that it has successfully completed the sale of its Brazilian fertilizer operations, including blending facilities, brands and warehouses, to Yara International ASA for $750 million, subject to certain post-closing adjustments. Through a long-term supply agreement with Yara, Bunge will continue to supply fertilizer to farmers in Brazil as part of its grain origination activities.  The company will also continue to operate its fertilizer terminal in the Port of Santos.