Bunge ponders Brazilian sugar spin-off

Bunge ponders Brazilian sugar spin-off

Capital Markets Equity IPO

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

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