Slicing and dicing

The announcement on the sale of three food processing companies owned by Bunge International (BI) in Latin America, sparked the interest of several multinational firms like RJR Nabisco and Unilever. On the other hand, the divestiture was criticized by local companies whose profit margins are being threatened by foreign competition. In making the spinoff, BI has planned on concentrating on its soybean business due to financial constraints.
The planned sale of Bunge's Latin American food processing assets is expected to spark a flurry of M&A activity in an industry where locals are increasingly under fire from foreign [...]