(Reuters) — Bunge Ltd. is reshuffling its structure from five operating units to three regions — North America, South America, and Europe and Asia. The move is part of a restructuring plan that aims to cut overhead costs by $250 million by the end of 2019.
Bunge also ended a deal for a controlling stake in Mexican corn miller Grupo Minsa SAB de CV. It marked a setback for Bunge’s strategy to expand holdings in higher-margin businesses such as specialty milling and oilseed processing.
