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Bunge to sell Brazilian feritilizer business to Yara for $750M in cash

Bunge Limited (BG) announced it has entered into a definitive agreement with Yara International (YARIY) under which Yara will acquire Bunge's Brazilian fertilizer business, including blending facilities, brands and warehouses, for $750M in cash. Bunge and Yara have also agreed to enter into a long-term fertilizer supply agreement, enabling Bunge to continue to supply fertilizer to farmers as part of its grain origination activities and creating a framework for logistics and other commercial activities related to fertilizer sales. Bunge will retain and continue to operate its fertilizer terminal in the Port of Santos, Brazil.