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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