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Stock Market & Financial Investment News

News Breaks
November 14, 2012
16:12 EDTBG, SZYMSolazyme announces Joint Venture Expansion Framework with Bunge unit
Solazyme (SZYM) announced that it has entered into a Joint Venture Expansion Framework Agreement with Bunge Global Innovation, a wholly-owned subsidiary of Bunge Limited (BG). The agreement sets forth the intent of the partners to expand joint venture-owned oil production capacity at Solazyme Bunge Renewable Oils from the current 100,000 metric tons under construction in Brazil to 300,000 metric tons by 2016 at select Bunge owned and operated processing facilities worldwide. Also, the companies intend to expand the portfolio of oils to be produced out of their joint venture facility in Brazil. The expanded field and portfolio of oils would include certain tailored food oils for sale in Brazil, where Bunge is the largest supplier of edible oils through several of its retail brands. The parties intend to work together through joint market development to bring new healthy and nutritious edible oils to the Brazilian market. The parties anticipate negotiation of definitive agreements in the coming months.
News For SZYM;BG From The Last 14 Days
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December 18, 2014
16:43 EDTSZYMSolazyme begins restructuring plan to reduce 2015 operating expenses by $18.0M
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December 10, 2014
13:57 EDTBGBunge targets 2017 EPS about $8.50 without deals, Bloomberg reports
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12:04 EDTBGUSDA lowers 2014/15 soybean ending stock forecast
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