Bunge acquires TGSC controlling company

Bunge is exercising the option to purchase 100% of the shares of Sagah Administração e Participações S.A., which holds 100% of the shares of Terminal de Granéis de Santa Catarina S.A. (TGSC). Its objective is to increase the flow capacity of solid bulk materials of plant origin in the State of Santa Catarina. The companies did not provide further information on the matter.

It is known, however, that Bunge operates in the agribusiness and food sectors, mainly in the origination of grains, the processing and marketing of agricultural commodities, the marketing and industrialization of bulk or packaged cereals, oilseeds, food products and port services. The Brazilian legal entity is controlled by Bunge Limited, a publicly-held company headquartered in the United States of America

In turn, Sagah is a privately held corporation. It operates as an asset holding company and belongs to the ARO Group. Sagah holds all of the shares issued by TGSC.

In turn, TGSC is a privately held corporation created to operate a Private Use Terminal (“TUP”) focused on the export of agricultural bulk (especially corn, soybeans and soybean meal) in São Francisco do Sul (SC) . The start of its activities is scheduled for the second half of 2024.

According to information from the company itself, the TGSC will have an exclusive berth that will allow the docking of Capesize (dwt) ships weighing up to 125 thousand tons. In its first phase, it will have the structure to move up to 6 million tons per year.