May 17, 2018 |
Bunge is in talks with Itau BBA, JPMorgan and Santander ahead of a potential secondary IPO of its Brazilian sugar milling business.
The commodities trader has filed a preliminary prospectus with Brazil's securities regulator CVM and an equity offering will occur, subject to market conditions.
Parent company Bunge is expected to retain a controlling stake in its Brazilian sugar milling subsidiary after going public, but one ECM banker briefed on the IPO said the parent may exit the business in
Commodities trader selects three banks for a secondary IPO but aims to keep a controlling stake in the business for now