This site has limited support for your browser. We recommend switching to Edge, Chrome, Safari, or Firefox.

Bunge is moving to Switzerland

Bunge се мести в Швейцария

The holding company of Bunge Ltd. is now a Swiss corporation - Bunge Global SA, headquartered in Geneva, Switzerland, after completing its previously announced move from Bermuda.

With its operational headquarters remaining in St. Louis, Missouri, USA, Bunge continues to be listed exclusively on the New York Stock Exchange under the symbol "BG" and Bunge Global SA will continue Bunge's standard course in global business.

Bunge has approximately 23,000 employees working in approximately 300 locations in more than 40 countries. The company is a world leader in oilseed processing and a leading manufacturer and supplier of vegetable-based specialty oils and fats.

Bunge is in the process of completing its $18 billion acquisition of Viterra Ltd., another top agribusiness company announced in June. Viterra is backed by Switzerland-based global company Glencore.

On October 5, Bunge shareholders voted yes the acquisition of Viterra by the company, approving the issuance of 65,611,831 common shares with a par value of 1 cent per share.

The merger with Viterra is expected to close in mid-2024, subject to the satisfaction of customary conditions, including regulatory approvals.

Bunge's board of directors on October 31 also declared a cash dividend of $0.6625 per common share. The dividend will be provided from the company's capital reserves and will be paid on March 1, 2024 to shareholders of record.

In Bunge's third-quarter earnings report, the company's net income rose to $1.63 billion for the nine months ended Sept. 30, up 28 percent from $1.27 billion in the same period a year ago.

Leave a comment

Please note, comments must be approved before they are published