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COPYRIGHT 2002 PR Newswire Association LLC
Bunge Limited announced today that its subsidiary, Cereol SA, has agreed to sell a majority stake in Lesieur, a French maker of branded bottled vegetable oils, to Saipol. Saipol is an oilseed processing joint venture between Cereol and Sofiproteol, the financial institution for the French oilseed cooperatives. Cereol has a 33.3% interest in Saipol. Sofiproteol controls the remaining 66.6%. As a result of this transaction, Cereol will retain a 33.3% interest in both Lesieur and Saipol.
Bunge acquired a controlling stake in Cereol on...
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