Corbion nv (Euronext Amsterdam: CRBN) ("Corbion") announces it is in discussions with Bunge Limited BG ("Bunge") regarding the potential acquisition by Corbion of Bunge's stake in the SB Renewable Oils joint venture. Today, Bunge has also disclosed these discussions, as part of a strategic update alongside the release of its year-end 2017 financial results.
Corbion and Bunge are 50.1%/49.9% partners in SB Renewable Oils, a joint venture that operates a facility in Brazil, specializing in the production of algae ingredients, such as Omega 3 rich oil, for aquaculture and animal feed.
While the discussions are constructive, it is uncertain if and when they will lead to an agreement.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corbion via Globenewswire
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