WHITE PLAINS, N.Y., Jan. 6 /PRNewswire-FirstCall/ -- On today's conference call regarding its newly announced global alliance with DuPont, Bunge Limited (NYSE:BG) Chief Financial Officer Bill Wells estimated that the combined financial impact of the ingredients joint venture, Solae LLC, and the joint venture involving Lesieur, announced on November 29, 2002, was expected to be accretive to Bunge's earnings per share by $0.03 - $0.05 in the twelve months following the closure of both transactions (expected in the second half of 2003). In addition, Mr. Wells estimated that the transactions would reduce net financial debt by approximately $450 million and annual capital expenditures by approximately $40 million.
About Bunge Limited
Bunge Limited (http://www.bunge.com/) is an integrated, international agribusiness and food company operating in the farm-to-consumer food chain with worldwide distribution capabilities and primary operations in North America, South America and Europe. Headquartered in White Plains, New York, Bunge has over 24,000 employees and locations in 28 countries. Bunge is the largest processor of soybeans in the Americas, the world's leading oilseed processing company, the largest producer and supplier of fertilizers to farmers in South America and the world's leading seller of bottled vegetable oils to consumers.
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