Bunge, Wilmar to form joint venture in Vietnam

Joint venture also includes Green Feed in Vietnam and will create synergies for edible oils.

Bunge Ltd. and Wilmar International Ltd. announced that they are forming a joint venture in Vietnam to leverage both companies' footprints in Asia.

Bunge will sell 45% of its equity in its Vietnam crush operations to Wilmar to create a three-party joint venture with Bunge and Wilmar as equal 45% shareholders and Quang Dung — a leading soybean meal distributor in Vietnam and majority owner of Green Feed, a growing Vietnamese feed milling business — retaining its existing 10% stake i

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