Cargill announced Friday it has agreed to sell two of its oilseed processing plants and businesses in the Netherlands and France to global agribusiness Bunge Limited.

In the Netherlands, the transaction includes the soybean and rapeseed crush and soybean oil refining facility in the Port of Amsterdam as well as part of the bulk port terminal assets dedicated to supporting discharge and storage of raw materials for the crush plant. In France, it includes the soybean and rapeseed crush facility located in the Port of Brest. The aggregate annual processing capacity at the two locations is approximately two million tons.

These new assets will complement Bunge’s existing soy processing operations in Europe, and allow the company to further expand its global oilseed processing footprint into key Northern European destinations, grow its presence in Europe's protein market, and further optimize global flows and logistics to serve customers.

Cargill retains two other soybean processing facilities in Western Europe, in the ports of Barcelona in Spain and Liverpool in the United Kingdom, as these plants are firmly integrated with a number of Cargill's other businesses serving local customers in the food and feed sectors in Spain and the UK.