Bunge To Sell Mexico Wheat Mills To Grupo Trimex For Undisclosed Sum

Bunge Ltd (NYSE:BG) has agreed to sell its seven Mexico wheat mills to Grupo Trimex for an undisclosed sum.
Bunge will continue to serve its oil and meal customers in Mexico and will continue to operate its corn mill in Querétaro.
"The wheat milling business in Mexico is not fully integrated in the way that is critical to successfully serving our customers in line with our long-term sustainable and strategic goals," said CEO Greg Heckman.
Price Action: BG shares are trading lower by 0.22% at $84.28 on the last check Wednesday.