Chicago | Reuters — Agricultural commodities trader Bunge said on Tuesday it will sell 35 of its interior U.S. grain elevators to Zen-Noh Grain, dramatically reducing its grain origination network in the United States. Financial details of the sale with the subsidiary of Japan’s Zen-Noh Group were not disclosed, … Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. April 21, 2020 - St. Louis, Missouri - Bunge Limited (NYSE: BG) today announced that it has agreed to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. Bunge Ltd. announced April 21 that it has agreed to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. ST. LOUIS, April 21, 2020 /PRNewswire/ — Bunge Limited (NYSE: BG) today announced that it has agreed to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. Then in April, Bunge agreed to sell 35 US grain elevators to Zen-Noh Grain Corp. VIDALIA — Bunge Limited announced they’ve agreed to sell 35 of their U.S. interior elevators to Zen-Noh Grain Corporation. Closing on the transaction is subject to regulatory approval. Bunge North America announced last week that it will sell 35 U.S. grain origination elevators along the Mississippi River to Zen-Noh Grain Corp. (ZGC) The completion of the sale is subject to customary closing conditions, including regulatory approval.. Zen-Noh is a subsidiary of the National Federation of Agricultural Cooperative Associations of Japan (Zen-Noh). “This transaction will allow Bunge to operate more efficiently and reinvest in higher returning areas of the company while reducing costs and strengthening our balance sheet,” said Greg Heckman, Bunge’s Chief Executive Officer. Bunge agrees to sell 35 U.S. grain elevators. Bunge Limited (NYSE: BG) today announced that it has agreed to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. The completion of the sale is subject to customary closing conditions, including regulatory approval. Zen-Noh Grain Corporation is a subsidiary of the National Federation of Agricultural Cooperative Associations of Japan (Zen-Noh). “This transaction will allow Bunge to operate more efficiently and reinvest in higher returning areas of the company while reducing costs and strengthening our balance sheet,” said Greg Heckman, Bunge’s Chief Executive Officer. The completion of the sale is subject to customary closing conditions, including regulatory approval. Agricultural commodities trader Bunge Ltd said on Tuesday it will sell 35 of its interior U.S. grain elevators to Zen-Noh Grain Corporation, dramatically reducing its grain … ST. LOUIS, MO – April 21, 2020 – Bunge Limited (NYSE: BG) today announced that it has agreed to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. Illinois: Revenue Protection Insurance – What Fits? Zen-Noh Grain Corp. (ZGC), a subsidiary of the National Federation of Agricultural Cooperative Associations of Japan (Zen-Noh), announced that it has reached an agreement to acquire 35 operating U.S. grain origination elevators along the Mississippi River from Bunge North America Inc., a subsidiary of Bunge Ltd. The completion of the sale is subject to customary closing conditions, including regulatory approval. This press release contains both historical and forward-looking statements. In addition to the export terminals in Destrehan and the EGT joint venture, Bunge will retain ownership in Bunge-SCF Grain, Bunge’s joint venture with SCF, and the Bunge elevators in Indiana that directly support Bunge’s soybean processing plant in Morristown. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. ZGC was established in 1979 in New Orleans to provide a stable supply of feedgrains and soybeans for Zen-Noh’s feed mills in Japan. “This transaction will allow Bunge to operate more efficiently and reinvest in higher returning areas of … Bunge agrees to sell 35 U.S. grain elevators Bunge Limited (NYSE: BG) today announced that it has agreed to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. Bunge to sell 35 U.S. grain elevators to Zen-Noh Grain Back to video Although the sale will significantly reduce the number of Bunge grain storage and handling assets in the United States, Bunge said “certain supply agreements” with Zen-Noh will result in a “larger and stronger origination and distribution network.” ZGC is affiliated with Consolidated Grain and Barge to supply most of that product. From the farm to the table, our team supplies raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the livestock, poultry, food processor, food services and bakery industries. We have tried to identify these forward-looking statements by using words including “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “plan,” “intend,” “estimate,” “continue” and similar expressions. Zen-Noh said its affiliate, CGB … We routinely post important information for investors on our website, www.bunge.com, in the "Investors" section. Bunge North America, Inc has agreed to sell 35 U.S. grain elevators along the Mississippi River to Zen-Noh Grain Corporation, a subsidiary of the National Federation of Agricultural Cooperative Associations of Japan (Zen-Noh). LOUIS –Bunge Limited (NYSE: BG) today announced that it has agreed to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. The following important factors, among others, could cause actual results to differ from these forward-looking statements: the outcome and effects of the Board’s strategic review; our ability to attract and retain executive management and key personnel; industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally.
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