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Bunge Ltd (BGEPF.PK)

BGEPF.PK on OTC Markets Group

106.48USD
21 Feb 2017
Change (% chg)

$0.17 (+0.16%)
Prev Close
$106.31
Open
$106.00
Day's High
$107.06
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$106.00
Volume
3,750
Avg. Vol
31,193
52-wk High
$107.06
52-wk Low
$79.20

Latest Key Developments (Source: Significant Developments)

Bahri, Bunge to form ocean freight joint venture
12:01am EST 

Bunge Ltd : Bahri and Bunge to form ocean freight joint venture . JV will operate under name Bunge Bahri Dry Bulk Ltd. . Financial terms of agreements were not disclosed . company plans to ship over 5 million metric tons in year one, ramping up volume over time to double-digit figures . Joint venture will be financed pro rata by bdb and bunge . BDB and Bunge will own 60/40% of JV respectively, and it will be registered and based in Dubai .JV will charter, commercially operate Supramax / Panamax initially from fleet currently owned/managed by BDB & subsequently from 3rd parties.  Full Article

Bunge reports Q4 earnings per share $1.83
Wednesday, 15 Feb 2017 06:00am EST 

Bunge Ltd - : Continue to expect strong earnings growth in 2017 . Bunge reports fourth quarter 2016 results . Q4 gaap earnings per share $1.83 . Q4 earnings per share view $1.57 -- Thomson Reuters I/B/E/S . Will also continue to drive our performance improvement programs, expecting $100 million of incremental benefits in 2017 . Quarterly adjusted earnings per share from continuing operations $1.70 . We enter 2017 with confidence and expect strong growth in earnings . "After disappointing crops in South America last year, region is on track to produce record harvests this season" . "Global soybean processing margins, which were under pressure during most of 2016, are improving" . Full-year 2017 outlook remains largely consistent with assumptions that provided at december investor day . Quarterly agribusiness results decreased from last year, primarily due to lower results in soy processing operations . Says expects capital expenditures of $750 to $800 million for 2017 . Q4 net sales $12,059 million versus $11,105 million .Q4 revenue view $11.41 billion -- Thomson Reuters I/B/E/S.  Full Article

Bunge plans to improve soybean processing footprint in the Eastern Corn Belt
Monday, 9 Jan 2017 04:15pm EST 

Bunge Ltd : Bunge plans to improve soybean processing footprint in the eastern corn belt . Locations in Ohio and Indiana are under final consideration for new facility . Bunge north America- Plan includes building Bunge's first new processing plant in U.S. In fifteen years ."see need to improve our asset footprint in eastern U.S., a key market".  Full Article

Bunge has declared a regular quarterly cash dividend of $0.42 per common share
Thursday, 8 Dec 2016 04:30pm EST 

Bunge Ltd :Bunge Ltd - has declared a regular quarterly cash dividend of $0.42 per common share..  Full Article

Bunge to acquire controlling interest in Grupo Minsa's corn milling business
Tuesday, 30 Aug 2016 04:15pm EDT 

Bunge Ltd : Bunge to acquire controlling interest in Grupo Minsa's corn milling business . As part of transaction, Bunge will take management control of four mills in Mexico and two mills in United States . Bunge North America reached a subscription agreement to invest in Grupo Minsa S.A.B. De C.V. . Facilities being acquired have a combined annual processing capacity of 700,000 metric tons .Bunge was advised by Rothschild.  Full Article

Bunge Limited announces pricing of senior notes offering
Wednesday, 10 Aug 2016 10:51pm EDT 

Bunge Ltd : Bunge Limited announces pricing of senior notes offering .Bunge Limited Finance Corp priced a public offering of $700 million aggregate principal amount of 3.250% senior notes due 2026.  Full Article

Bunge Board of directors declares regular quarterly dividend of $0.42/shr
Wednesday, 10 Aug 2016 04:56pm EDT 

Bunge Ltd :Board of directors has declared a regular quarterly cash dividend of $0.42 per common share.  Full Article

Cargill to sell 2 European oilseed processing facilities to Bunge
Friday, 5 Aug 2016 08:50am EDT 

Bunge Ltd : Cargill to sell two European oilseed processing facilities to Bunge . In Netherlands, transaction includes soybean and rapeseed crush and soybean oil refining facility in Port of Amsterdam . In France, deal includes soybean and rapeseed crush facility located in Port of Brest . Employees associated with Cargill's business (120 in Netherlands and 51 in France) will transfer to Bunge. . Cargill will retain its two other soybean processing facilities in Western Europe . Aggregate annual processing capacity at two locations is about two million tons .Industrial operations will be integrated within Bunge's Europe, Middle East and Africa (EMEA)operations,global soy crush platform.  Full Article

Bunge Canada canola plant operating after fire
Thursday, 4 Aug 2016 02:26pm EDT 

Bunge Ltd : Crushing plant at Nipawin, Saskatchewan operating after fire, but not at full capacity - spokeswoman Further company coverage: [BG.N] (Reporting By Rod Nickel) ((rod.nickel@thomsonreuters.com;)).  Full Article

Bunge Q2 GAAP EPS $0.81
Thursday, 28 Jul 2016 06:00am EDT 

Bunge Ltd : Qtrly net sales $10,541 million versus $10,782 million last year . Lowered range of our previous food & ingredients outlook to reflect continued challenging conditions in certain edible oils markets . In fertilizer, there is no change to our outlook, and we continue to expect 2016 segment ebit to be approximately $30 million higher than last year . In near term, slow farmer selling in Brazil, Argentina, due to smaller than expected crops, lower prices, are negatively impacting margins . Continue to expect full-year 2016 eps growth . Q2 revenue view $10.08 billion -- Thomson Reuters I/B/E/S . In food & ingredients, we expect 2016 segment ebit to be $10 to $30 million higher than last year's adjusted result of $192 million . Bunge reports second quarter 2016 results . Q2 GAAP earnings per share $0.81 . Q2 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . "continue to expect earnings growth in 2016 with returns on capital well above wacc" . Second half 2016 earnings will be "weighted to Q4 coinciding with northern hemisphere harvests" .In agribusiness, "expect mark-to-market gains we benefitted from in q2 to largely reverse in q3".  Full Article

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BRIEF-Bahri, Bunge to form ocean freight joint venture

* company plans to ship over 5 million metric tons in year one, ramping up volume over time to double-digit figures