PARIS, Sept 1 (Reuters) - Louis Dreyfus Company has
acquired grains and oilseeds processing, storage and trading
activities in Hungary and Poland from rival agricultural
commodity merchant Bunge Global ( BG ), LDC said on Monday.
The deal covers assets previously owned by Viterra that
Bunge had offered to sell in order to secure European Union
approval for its $34 billion merger with Viterra.
In Hungary, the activities include an oilseed processing
plant in Fokto that is one of Europe's largest sunflower seed
crushing facilities, LDC said in a statement.
The Polish assets feature an oilseed facility at
Bodaczow that accounts for around 15% of Poland's total rapeseed
crush volume, it said.
The deal also covers trading offices in the Hungarian
capital Budapest and the Polish port city of Gdansk.
Financial terms for the deal were not disclosed.
The acquisition would allow LDC to expand in the
sunflower market and in Central European countries,
complementing its existing grains and meals business in Poland,
Andre Roth, LDC's head of grains and oilseeds, said in the
statement.
Bunge officially completed its merger with Viterra at the
start of July, two years after announcing the transaction.