September 19, 2012


Bunge to acquire 50% interest in Senwes



Bunge Limited and Senwes Ltd announced on September 17 that the former has exercised its option to acquire a 50% interest in the existing established African structures of Senwes, which are specialised in grain trading and storage.


The option for further Bunge investment in Senwes was a provision of the original joint venture agreement between the two companies. The joint venture, which has been operating successfully since October 1, 2011, imports and exports corn and wheat in the region. The additional investment by Bunge reflects the company's commitment to expand in Africa.


The African structures of Senwes include Senwes Malawi, Senwes Zambia, Senwes Mozambique and Senwes Kenya, and will include Senwes Zimbabwe in the near future. All these entities are specialised in grain trading and storage and are part of Senwes' strategy in Southern African Development Community (SADC) to create an integrated grain marketing and trading house.


The joint venture intends to further extend its actions in the remaining countries of the SADC. In addition, this development will consolidate the work which has been initiated and accomplished by Senwes to ensure food security in SADC.

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