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How a small stake in Beyond Meat turned into $135 million for a traditional agriculture company

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On a call with analysts, the CEO of Bunge said that the Beyond Meat venture is an important vehicle in the competitive landscape.

Bunge Limited, a traditional agri-business company, reported a huge earnings beat Wednesday due to a boost from an early investment in Beyond Meat. Bunge owns 1.63% stake in the plant-based meat alternatives company which has gained more than 800% since its May IPO. The venture is an important vehicle for Bunge as consumer tastes change, the company said. Read more on Markets Insider.

Bunge Limited, a traditional agri-business company, reported a huge earnings beat Wednesday due to a boost from an early investment in Beyond Meat. Bunge owns 1.63% stake in the plant-based meat alternatives company which has gained more than 800% since its May IPO. The venture is an important vehicle for Bunge as consumer tastes change, the company said. Read more on Markets Insider.

 

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What some veg and plastic binder can do...,,,😇

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