Bunge Global SA (NYSE: BG) has agreed to sell two sugarcane mills in São Paulo state, Brazil, to COFCO International, according to a company statement.

The mills, known as Rio Vermelho and Nova Unialco, are located in the municipalities of Junqueirópolis and Guararapes. The properties were formerly owned by Viterra and became part of Bunge following the close of a business combination in July 2025.

The transaction is subject to customary closing conditions, including regulatory approvals.

Julio Garros, Bunge's Chief Operating Officer, said: "As Bunge focuses on our strategic priorities and positions the business for long-term growth, this transaction is the right step forward."

No financial terms of the deal were disclosed. Bunge is headquartered in St. Louis, Missouri, with its registered office in Geneva, Switzerland.