Buenos Aires-Bunge Argentina S.A., a subsidiary of Bunge Ltd., White Plains, N.Y., has agreed to acquire the Argentine fertilizer business of Petrobras Energia S.A., a unit of Brazil’s Petroleo Brasileiro SA (Petrobras). The deal is subject to government approval. The fertilizer business operates industrial facilities in the city of Campana, north of Buenos Aires. It started activities in 1968, and was the first liquid fertilizer producer in South America. Today it is a leading producer and distributor of liquid and solid fertilizers in the Argentine market, with annual production volumes of 500,000 mt. “This acquisition will position Bunge Argentina as a leader in the growing Argentine fertilizer market,” said Raul Padilla, CEO, Bunge Argentina. “It will allow us to manufacture both nitrogen and phosphate-based products, which will expand our product portfolio and strengthen our relationship with customers. We are confident that the acquisition will bring benefits to all of our stakeholders, including customers, suppliers, partners and employees.”
Transparency Across the Fertilizer Value-Chain