Singapore's GIC Acquires 5% of Bunge

The Government of Singapore Investment Corp (GIC) has purchased a 5% stake in Bunge Ltd (NYSE: BG), according to a filing with the Securities and Exchange Commission.

GIC said in a filing to the SEC, that it had acquired 7.305 million shares of Bunge Ltd, valuing its stake at $496 million.

Bunge shares closed at $67.83 yesterday.