SAO PAULO, May 26 (Reuters) - Bunge BG.N said on Monday it has terminated a 2023 agreement to buy a controlling stake of the Brazilian soy processor CJ Selecta, noting the deal's deadline expired without obtaining the needed regulatory approval.
In the statement, which came after Brazilian news outlet Globo Rural reported the termination, Bunge said it had already informed investors about the move in its May 7 earnings call.
(Reporting by Roberto Samora and Andre Romani; Editing by Kylie Madry)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.