Bunge, CJ Selecta, Sodrugestvo vie for Imcopa soy crushing assets

CJ CheilJedang

25/10/2019 16:56

SAO PAULO, Oct 25 (Reuters) - Brazilian grain crusher Imcopa
Importação, Exportação e Indústria de Óleos SA  IMCTN.UL  has
attracted at least three bidders for its Cambé and Araucária soy
processing plants, which will be sold to repay creditors under
the terms of a restructuring approved by the company's lenders
in late 2017.
    According to two sources familiar with the bidding process,
the three potential contenders are U.S.-based Bunge Inc  BG.N ,
CJ Selecta, owned by South Korea's CJ Cheiljedang  097950.KS ,
and the local unit of Russia's Sodrugestvo  SODRU.UL .
    
($1 = 4.0152 reais)

 (Reporting by Ana Mano,Editing by Franklin Paul)
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