January 19, 2010 (FinancialWire) — Bunge Ltd. (NYSE: BG) said it is engaged in discussions with Vale S.A. (NYSE: VALE) regarding Vale’s potential acquisition of Bunge’s assets in Brazil relating to its fertilizer mining business, including its interest in Fertilizantes Fosfatados S.A..

The company said there can be no assurance that they will result in any transaction or that any transaction will be consummated.

Bunge said does not intend to comment on any specific discussions or any potential transaction unless and until it enters into a definitive agreement with respect to a transaction.

New York-based Bunge is an agribusiness and food company with 25,000 employees in over 30 countries. The company supplies fertilizer to farmers; originates, transports and processes oilseeds, grains and other agricultural commodities; produces food products for commercial customers and consumers; and supplies raw materials and services to the biofuels industry.

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