Corbion nv (Euronext Amsterdam: CRBN) ("Corbion") announces it is in discussions with Bunge Limited (NYSE: 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.
