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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2013
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

19.                               SUBSEQUENT EVENTS

 

On October 23, 2013, Bunge announced that it has agreed to buy the wheat milling business of Grupo Altex S.A. de C.V. in Mexico.  In addition to the mills, Bunge is acquiring Grupo Altex’s product brands and its innovation center.  The purchase is expected to close in the fourth quarter of 2013 subject to regulatory approval and customary closing conditions.

 

On October 23, 2013, management became aware of certain financial difficulties of a Brazilian distributor customer in its agribusiness segment and, accordingly, a pre-tax charge of approximately $17 million has been reflected in the condensed consolidated statements of income for both the three and nine months ended September 30, 2013, reflecting the balance outstanding at that date.