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Bunge buys Muntenia for $3m

US-based Bunge Ltd. will consolidate its position on the edible oil market, following takeover of Muntenia Bucharest. The Americans managed to buy 92% of the Muntenia shares on RASDAQ through a tender offer put out by Dutch Cereol Holding, one of the companies in the group

Ziarul Financiar · 22 iulie 2003 · 1 min de citit



US-based Bunge Ltd. will consolidate its position on the edible oil market, following takeover of Muntenia Bucharest. The Americans managed to buy 92% of the Muntenia shares on RASDAQ through a tender offer put out by Dutch Cereol Holding, one of the companies in the group. The Americans offered 1,960 ROL/ share, more than they had announced before the start of the offer, i.e. 1,500 ROL. Most of the shares were sold by the construction company Prefabricate Vest, which held 91%. The Americans will also acquire control of another Prefabricate Vest-owned edible oil maker, InterOil Oradea. ZF



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