The US Justice Department has given the go-ahead for oilseed processing business Bunge Ltd to buyout a 55% stake in French group Cereol from Italian energy giant Edison.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The stake, worth about US$830m, will make Bunge the largest soybean processor in the world.


Alberto Weisser, CEO of Bunge, held a teleconference yesterday [Wednesday] in which he announced: “We received the regulatory approval already from the Department of Justice earlier than expected.” As a result, he said that the deal could now be closed during the Q4 of 2002, rather than early next year.


The deal has still to be approved by competition regulators in Europe.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now