Today Bunge announced it will acquire a 70% controlling ownership interest in Loders Croklaan (subject to approvals from regulatory authorities). IOI Corporation will retain a 30% ownership interest. Together, Bunge and Loders Croklaan will have a differentiated, comprehensive product offering that reflects both seed and tropical oils, and world-class formulation and application capabilities. We will form a truly global Food Ingredients company with a sustainable and traceable supply chain, positioning us well to help our customers distinguish their consumer offerings.
We are pleased to introduce the first edition of our quarterly sustainability newsletter.