- Bunge Ltd (NYSE: BG) has agreed to sell its seven Mexico wheat mills to Grupo Trimex for an undisclosed sum.
- Bunge will continue to serve its oil and meal customers in Mexico and will continue to operate its corn mill in Querétaro.
- “The wheat milling business in Mexico is not fully integrated in the way that is critical to successfully serving our customers in line with our long-term sustainable and strategic goals,” said CEO Greg Heckman.
- Price Action: BG shares are trading lower by 0.22% at $84.28 on the last check Wednesday.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.