Welcome to our dedicated page for Bunge Global SA news (Ticker: BG), a resource for investors and traders seeking the latest updates and insights on Bunge Global SA stock.
Bunge Global SA reports agribusiness developments tied to grain origination, storage and distribution, oilseed processing and refining, and plant-based oils, fats and proteins. The company connects farmers, commodity flows and food, feed and fuel customers through a global agricultural supply chain.
Recurring BG news includes operating and financial results, investor presentations, strategic growth and capital allocation updates, governance matters, shareholder voting items and capital-structure disclosures. Company updates also cover integration of the completed Viterra acquisition and portfolio additions such as soy protein concentrate, lecithin and soy crush assets.
UPL Ltd. announced an agreement for Advanta Seeds UK and Bunge to acquire a combined 40% stake in SEEDCORP|HO, Brazil's third-largest soybean germplasm company. This investment enhances UPL's market access and product portfolio in Brazil, aligning with its OpenAg® initiative aimed at supporting farmers throughout the agricultural process. Bunge seeks to expand its grain sourcing position and enhance its barter portfolio, leveraging its technical expertise for sustainable solutions. The deal is subject to regulatory approvals.
Bunge Limited (NYSE: BG) announced a quarterly cash dividend of $0.625 per common share, declared on November 14, 2022. This dividend is payable on March 2, 2023, to shareholders recorded as of February 16, 2023. With over 200 years in the market, Bunge connects farmers to consumers and champions sustainability while ensuring global food security. The company operates with nearly 23,000 employees across 300 facilities in over 40 countries.
Bunge Limited (NYSE: BG) reported Q3 2022 GAAP EPS of $2.49, down from $4.28 YOY, while adjusted EPS decreased to $3.45 from $3.72. The company's net income totaled $380 million, a significant decline from $653 million last year. Despite challenges, Bunge's Agribusiness results matched last year's performance, with Refined and Specialty Oils showing growth. The company repurchased $200 million in shares and revised its full-year adjusted EPS outlook to at least $13.50. CEO Greg Heckman emphasized Bunge's commitment to long-term growth through investments in oilseed and plant-based proteins.
Bunge (NYSE: BG) has announced a global volunteering initiative and a $500,000 donation to Vostok-SOS, aiding humanitarian efforts in Ukraine. This aligns with their commitment to address food insecurity as part of World Food Day. Over 30 global sites will participate in food drives and other volunteer activities aimed at combating hunger. Bunge's past support includes contributions totaling $1 million to the World Food Programme and Vostok-SOS. The FAO reports that hunger affects between 702 and 828 million people globally, highlighting the urgency of Bunge's involvement.
Bunge (NYSE: BG) and Olleco have announced a 50/50 joint venture to create a business focused on the full lifecycle of edible oils in Europe, excluding the UK and Ireland. This partnership aims to supply oils to foodservice and food manufacturing clients and efficiently collect used cooking oil for renewable fuel production. The joint venture is based in Amsterdam and combines Bunge’s oil production expertise with Olleco’s leading collection and conversion model, promoting sustainability in the food industry.
Bunge (NYSE:BG) announces more than 100 internship and trainee positions available across North America, marking the company's largest entry-level class to date. The paid internships cover various fields including engineering and finance, starting in 2023. Bachelor’s degree holders can apply for 16-18 month trainee programs with mentorship opportunities. Bunge emphasizes its commitment to professional growth and has been recognized as a 'Most Loved Workplace.' Interested individuals can visit Bunge's webpage for more details.
Bunge Limited (NYSE: BG) will announce its Q3 2022 results on October 26, 2022, before the market opens. A conference call will be held at 7:00 AM Central Time to discuss these results. Interested parties can access the webcast through the company's website, where a slide presentation will be available. A replay of the call will also be accessible on the same day until November 26, 2022. Bunge focuses on connecting farmers to consumers, enhancing food security, and sustainable practices globally.
Bunge (NYSE:BG) has announced the sale of its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group. The sale includes the sunflower processing plant located in Voronezh and is subject to customary closing conditions, including regulatory approval. CEO Greg Heckman expressed confidence in the new ownership, citing Vanetsyan's extensive experience in agricultural processing. This strategic move aligns with Bunge's mission to connect farmers to consumers while enhancing its operational focus.
Bunge Limited (NYSE: BG) has completed the sale of its wheat mills in Mexico to Grupo Trimex. This strategic move allows Bunge to focus on its corn mill operations in Querétaro and continue serving domestic oil and meal customers. The transaction reflects Bunge's ongoing efforts to optimize its operations and enhance its market position.
Bunge Limited (NYSE: BG) will have its CEO, Greg Heckman, and CFO, John Neppl, participate in a fireside chat at the Barclays Global Consumer Staples Conference on Wednesday, September 7, at 1:30 p.m. ET. The event will be accessible via a webcast on www.bunge.com in the "Events and presentations" section. Bunge stands as a leader in oilseed processing and specializes in plant-based oils, aiming to connect farmers to consumers and enhance global food security.