Bunge Completes Sale of its Ownership Share in BP Bunge Bioenergia Joint Venture in Brazil
02 October 2024 - 6:01AM
Business Wire
Bunge Global SA (NYSE: BG) announced today it has completed the
previously announced sale of its 50% share in BP Bunge Bioenergia
to bp, which now owns 100% of the business.
About Bunge
At Bunge (NYSE: BG), our purpose is to connect farmers to
consumers to deliver essential food, feed and fuel to the world.
With more than two centuries of experience, unmatched global scale
and deeply rooted relationships, we work to strengthen global food
security, increase sustainability where we operate, and help
communities prosper. As a world leader in oilseed processing and a
leading producer and supplier of specialty plant-based oils and
fats, we value our partnerships with farmers to bring quality
products from where they’re grown to where they’re consumed. At the
same time, we collaborate with our customers to develop tailored
and innovative solutions to meet evolving dietary needs and trends
in every part of the world. Our Company has its registered office
in Geneva, Switzerland and its corporate headquarters in St. Louis,
Missouri. We have approximately 23,000 dedicated employees working
across approximately 300 facilities located in more than 40
countries.
Website Information
We routinely post important information for investors on our
website, www.bunge.com, in the "Investor Center" section. We may
use this website as a means of disclosing material, non-public
information and for complying with our disclosure obligations under
Regulation FD. Accordingly, investors should monitor the Investors
section of our website, in addition to following our press
releases, SEC filings, public conference calls, presentations and
webcasts. The information contained on, or that may be accessed
through, our website is not incorporated by reference into, and is
not a part of, this document.
Cautionary Statement Concerning Forward Looking
Statements
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward looking statements to encourage companies
to provide prospective information to investors. This press release
includes forward looking statements that reflect our current
expectations and projections about our future results, performance,
prospects and opportunities. Forward looking statements include all
statements that are not historical in nature. We have tried to
identify these forward looking statements by using words including
"may," "will," "should," "could," "expect," "anticipate,"
"believe," "plan," "intend," "estimate," "continue" and similar
expressions. These forward looking statements are subject to a
number of risks, uncertainties, assumptions and other factors that
could cause our actual results, performance, prospects or
opportunities to differ materially from those expressed in, or
implied by, these forward looking statements. The following
factors, among others, could cause actual results to differ from
these forward looking statements: the impact on our employees,
operations, and facilities from the war in Ukraine and the
resulting economic and other sanctions imposed on Russia, including
the impact on us resulting from the continuation and/or escalation
of the war and sanctions against Russia; the effect of weather
conditions and the impact of crop and animal disease on our
business; the impact of global and regional economic, agricultural,
financial and commodities market, political, social and health
conditions; changes in government policies and laws affecting our
business, including agricultural and trade policies, financial
markets regulation and environmental, tax and biofuels regulation;
the impact of seasonality; the impact of government policies and
regulations; the outcome of pending regulatory and legal
proceedings; our ability to complete, integrate and benefit from
acquisitions, divestitures, joint ventures and strategic alliances,
including without limitation Bunge’s pending business combination
with Viterra Limited (“Viterra”); the impact of industry
conditions, including fluctuations in supply, demand and prices for
agricultural commodities and other raw materials and products that
we sell and use in our business, fluctuations in energy and freight
costs and competitive developments in our industries; the
effectiveness of our capital allocation plans, funding needs and
financing sources; the effectiveness of our risk management
strategies; operational risks, including industrial accidents,
natural disasters, pandemics or epidemics and cybersecurity
incidents; changes in foreign exchange policy or rates; the impact
of our dependence on third parties; our ability to attract and
retain executive management and key personnel; and other factors
affecting our business generally.
The forward looking statements included in this release are made
only as of the date of this release, and except as otherwise
required by federal securities law, we do not have any obligation
to publicly update or revise any forward looking statements to
reflect subsequent events or circumstances.
You should refer to "Item 1A. Risk Factors" in our Annual Report
on Form 10-K for the year ended December 31, 2023 filed with the
SEC on February 22, 2024.
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version on businesswire.com: https://www.businesswire.com/news/home/20241001119994/en/
Media Contact: Bunge News Bureau Bunge 636-292-3022
news@bunge.com
Investor Contact: Ruth Ann Wisener Bunge 636-292-3014
Ruthann.wisener@bunge.com
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