BZ and Bunge announce the closing of the previously announced strategic transaction, having fulfilled all conditions.
With the conclusion of the agreement, the Beuzelin family remains the majority shareholder with 51% of the capital while Bunge holds 49% of the BZ Group.
As part of this agreement, Bunge acquires 49% of BZ Group while the Beuzelin family remains the majority shareholder with 51% ownership. The transaction is subject to customary closing conditions and regulatory approval.
BZ Group sends its best wishes for 2021.
In the wake of a disappointing French harvest in quantitative terms, BZ group plans a decreasing activity in terms of volume for the first half of this 2020 crop-year. The good average qualities will however allow the group to position on speciality markets.
Reflecting the French grain sector, 2019 was a very good crop year in terms of volume for BZ Group. Grain collection activity bypassed the 600,000 tonnes collected. Port logisitcs reached 1.5 million tonnes in maritime traffic. Lastly, the export activity commercialised more than 2 million tonnes.
On January 29th, BZ Group launched the new e-BZ. Tailored to the needs of producers, BZ Collecte’s new extranet offers a clearer and more convenient view adapted to all screens. – www.e-bz.fr
BZ Group team wishes you a happy new year 2020 !
The 2019 harvest is an excellent vintage in the Great Normandy region. It is an excellent crop for winter and spring barleys: quality is good although the grain is somewhat poor in protein. It’s also a good year for common wheats despite an average protein rate. Volume is increasing compared to the previous crop year. Rapeseed appears as the “poor relation” for this crop, even though Normandy stays at a decent level compared to the national average.
The 2018-2019 crop is overally positive for Bz Group’s 3 activities :
Grain procurement activity collected 500 000 tons.
Import-export marketed 2 million tons.
Port logistics activity broke a record, bypassing the million tons in maritime traffic.
To pursue the structuring of its 3 main activities, Bz group welcomes two new directors : Denis Courzadet for Bz Collecte and Pierre Lipatoff for import-export. The port logistics activity keeps being managed by Benoît Batancourt and the financial and administrative management by Cécilia Cardon.