INDIA/USA – Bunge, the agribusiness and food company, has announced an agreement with Hindustan Lever to buy its edible oils and fats business based in Bangalore, India.

Hindustan Lever is a subsidiary of Unilever, and is India’s market leader in branded hydrogenated vegetable fats marketed under the name Dalda.

It is expected the deal, which is subject customary closing conditions, will be completed during the third quarter of 2003.