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Bunge Ltd (BGEPF.PK)

BGEPF.PK on OTC Markets Group

101.50USD
6 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Bunge Q3 adj earnings from continuing operations $0.73/shr
Wednesday, 2 Nov 2016 06:18am EDT 

Bunge Ltd : Bunge reports third quarter 2016 results . Q3 GAAP earnings per share $0.79 . Bunge Ltd qtrly adjusted earnings per share from continuing operations $0.73 . Q3 earnings per share view $0.81 -- Thomson Reuters I/B/E/S . Qtrly net sales $11,423 million versus $10,762 million . Q3 revenue view $10.31 billion -- Thomson Reuters I/B/E/S . Qtrly agribusiness impacted by low farmer selling in South America, reducing grain origination and soy crushing results . Says "Expect solid Q4 and strong earnings growth in 2017" . Says "Challenging market conditions and slow farmer selling led to a lower than expected quarter in agribusiness" . Bunge Ltd - In oilseeds, qtrly U.S., European soy processing volumes, margins were down compared to a very strong prior year due to softer meal demand . Bunge Ltd says in fertilizer, expect 2016 EBIT to be approximately $30 million, which is slightly down from earlier expectation due to lower margins . Bunge Ltd - "For 2017 see strong growth potential in our agribusiness, foods and sugar milling businesses" . Bunge Ltd says higher results in Brazil were primary driver of improved performance in quarter for milling products . Bunge Ltd - In food & ingredients, expect 2016 EBIT of $230 to $240 million . Bunge Ltd says for milling products volumes and margins in Brazil are back to levels achieved in 2014 prior to country's economic crisis . Bunge Ltd - In fertilizer, expect 2016 EBIT to be approximately $30 million.  Full Article

Bunge, OFI become distribution partners in Asia-Pacific
Friday, 30 Sep 2016 03:55am EDT 

Bunge Ltd : Bunge and OFI Become Distribution Partners in Asia-Pacific . OFI will become Bunge's exclusive commercial partner to import, market, sell and distribute packaged softseed oils into Philippines .Will become OFI's exclusive commercial partner to export, market, sell, distribute coconut oil under its farm origin brand into countries in Asia-Pacific region.  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

Bunge, Wilmar to form joint venture in Vietnam
Tuesday, 5 Jul 2016 08:00am EDT 

Bunge Ltd : Bunge and wilmar to form joint venture in vietnam . Bunge will sell 45% of its equity in its vietnam crush operations to wilmar .Deal creates three-party jv with bunge and wilmar as equal 45% shareholders and quang dung retaining its existing 10% stake in operations.  Full Article

Bunge raises qtrly dividend to $0.42 per share
Tuesday, 24 May 2016 04:30pm EDT 

Bunge Ltd : Approved an increase in company's regular quarterly common share cash dividend, from $0.38 to $0.42 per share .Bunge Limited increases quarterly dividend on common shares and declares dividends on preference shares.  Full Article

BRIEF-Bunge Limited announces pricing of senior notes offering

* Priced a public offering of eur 200 million aggregate principal amount of 1.850% senior notes due 2023 Source text for Eikon: Further company coverage: