According to local law firm KBVL, which advised on the transaction, the deal valued at approximately €205m ($239.4m) marks a transformational move for the industry.
This acquisition marks a major expansion into eastern India.
The merger enhances Bunge’s footprint in key origination markets and expands its reach across all major crops.
The acquisition was made through Omiros Dairies Cyprus, marking the group’s first production facility outside Greece.
This move follows the demerger of Hindustan Unilever’s (HUL) ice cream business into a standalone entity, Kwality Wall’s (India) Ltd (KWIL).