Bunge said to struggle finding a buyer for sugar unit

Bunge is said to be encountering difficulties selling its sugar trading operations as it seeks to shift toward a focus on grain and oilseed.

The commodity trader, which has the headquarters of its North American division in Chesterfield, had put a value of $75 million on the sugar division, but potential buyers viewed that as too high, according to a Reuters report.

In February, Bunge CEO Soren Schroder signaled the company’s desire to exit the sugar trading business. Germany-based Nordzucker and Singapore-based Wilmar International were viewed as potential buyers, but no deal has emerged.

The whole company was said to be up for sale last month in a deal that would have created one of the largest agricultural firms in the world, but by mid-March talks between Bunge and rival Archer Daniels Midland reportedly had broken down.

Read more: St. Louis Business Journal

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