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INVESTMENTS IN AFFILIATES
9 Months Ended
Sep. 30, 2011
INVESTMENTS IN AFFILIATES 
INVESTMENTS IN AFFILIATES

 

 

9.                                      INVESTMENTS IN AFFILIATES

 

During the first nine months of 2011, Bunge contributed approximately $28 million to several new investees that are being accounted for as equity method investments. Of these investments, $20 million is attributable to the agribusiness segment and $8 million to the fertilizer segment.

 

In June 2011, Bunge sold its investment in a European oilseed processing facility joint venture for $57 million.  Bunge recognized a gain of $37 million in equity in earnings of affiliates on this sale during the second quarter of 2011.