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TRANSFERS (TO) FROM NONCONTROLLING INTERESTS
3 Months Ended
Mar. 31, 2012
TRANSFERS (TO) FROM NONCONTROLLING INTERESTS  
TRANSFERS (TO) FROM NONCONTROLLING INTERESTS

 

 

18.          TRANSFERS (TO) FROM NONCONTROLLING INTERESTS

 

In March 2012, Bunge consolidated an acquired asset management company and recorded $267 million of noncontrolling interest related to certain managed investment funds (see Note 1) in which the management company was determined to be the primary beneficiary.

 

Bunge has a 51% controlling interest in a joint venture with two third party companies related to a grain terminal in Longview, Washington, U.S., which it consolidates. During the first quarter of 2012, Bunge and the noncontrolling interest holders, which have a 49% interest, made proportionate capital contributions, resulting in no ownership percentage change. The total contribution from the noncontrolling interest holders was $3 million.