OMAHA, NEBRASKA, U.S. — Gavilon Group LLC is drawing interest from Bunge Ltd. and Glencore International Plc as it considers a sale that reach as high as $5 billion, Bloomberg reported on March 5, citing sources familiar with the matter.
Gavilon is asking for first-round bids in early March, said the sources, who declined to be identified as the process is private. The company also may pursue an initial public offering, an option its owners discussed with banks, Bloomberg reported.
Wilmar International Ltd. (WIL), Japanese trader Mitsui & Co. and Canadian grain handler Viterra Inc. (VT) also are exploring offers, the news agency reported.
