Corbion probably buys Bunge’s stake in Renewable Oils JV

Amsterdam / NL. (cb) Corbion NV announces it is in discussions with Bunge Limited regarding the potential acquisition by Corbion of Bunge’s stake in the SB Renewable Oils joint venture. This week, 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 percent / 49.9 percent 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.