Business in the Burbs

Bunge buys stake in Vietnamese port

October

Bunge Ltd. of White Plains said that its Asian operating subsidiary has purchased half of the owner/operator of Phu My Port in Vietnam.

Bunge said that the investment gives it greater opportunity to capitalize on the growing market for agricultural commodities in Vietnam. Market forecasts call for a 10 percent annual jump in volumes of soybean meal, corn and wheat imports in Vietnam during the next five years, according to Bunge.

Financial details of the transaction were not disclosed.

This entry was posted on Thursday, October 16th, 2008 at 11:29 am by Jay Loomis.
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