American Bunge will sell a sunflower processing plant in Voronezh

American Bunge will sell a sunflower processing plant in Voronezh


The American company Bunge announced today, September 19, that it has decided to sell its oilseed processing business in Russia to the controlling shareholder of Exoil Group, Karen Vanetsyan. The deal includes the sale of a sunflower processing plant in Voronezh. The completion of the sale is subject to normal closing conditions, including regulatory approval.

“We are grateful to the team for continuing to supply basic food and feed in these difficult conditions. With Karen Vanetsyan's 25+ years of experience in the agricultural processing industry, we are confident that the team will continue to serve customers successfully,” said Bunge CEO Greg Heckman (quoted from Businesswire).

Jun 28 reported about the intention to reduce the presence in Russia by selling the company to OOO Bunge CIS. In the portfolio of "Bunge CIS" trademarks "Oleyna", Ideal, "Maslenitsa". Bunge is one of the leading players in the global food market. The company established a division in Russia in 2004.

Daria Erozbek



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