Bunge Ltd., White Plains, N.Y., sells its Brazilian ingredients operations to Solae Co., its joint venture with DuPont Co., Wilmington, Del., for $256 million. (Industry News).

Bunge Ltd., White Plains, N.Y., sells its Brazilian ingredients operations to Solae Co., its joint venture with DuPont Co., Wilmington, Del., for $256 million. Bunge will record a second-quarter gain of about $111 million, leading to a revised earnings forecast of $166 million to $171 million. "For the full year 2003, we are raising our guidance to be within a range of $371 million to $381 million, or $3.73 to $3.83 per share," says William Wells, chief financial officer. Prior to this transaction, guidance for 2003 was $260 million to $270 million.