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Bunge Ltd (BGEPF.PK)

BGEPF.PK on OTC Markets Group

106.46USD
12 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Bunge and Grupo Minsa agree to terminate agreement
Friday, 17 Nov 2017 04:15pm EST 

Nov 17 (Reuters) - Bunge Ltd :Bunge and Grupo Minsa agree to terminate agreement.‍bunge North America - Bunge, Minsa decided to terminate share subscription deal which would have given bunge controlling financial interest in minsa​.  Full Article

Bunge announces organizational and leadership team changes
Wednesday, 15 Nov 2017 04:01pm EST 

Nov 15 (Reuters) - Bunge Ltd :Bunge announces organizational and leadership team changes.Bunge Ltd says is ‍simplifying its structure from five operating companies to three regions - North America, South America and Europe/Asia​.  Full Article

Bunge reports Q3 GAAP earnings per share $0.59
Wednesday, 1 Nov 2017 06:00am EDT 

Nov 1 (Reuters) - Bunge Ltd :Bunge reports third quarter 2017 results.Q3 GAAP earnings per share $0.59.Q3 earnings per share view $0.73 -- Thomson Reuters I/B/E/S.Bunge Ltd qtrly adjusted earnings per share from continuing operations ‍$0.75​.Qtrly net sales $‍11,423​ million versus $11,423 million.Bunge Ltd - ‍Expect to meet or exceed $15 million 2017 target set out in co's competitiveness program​.Bunge Ltd - E‍arnings improved sequentially and year-over-year, although they continued to be impacted by market and industry headwinds.Bunge Ltd - ‍Reducing earnings guidance for year in agribusiness and sugar & bioenergy​.Bunge Ltd - ‍In grains, higher origination results were driven by improvements in Brazil and Argentina in the quarter​.Q3 revenue view $11.98 billion -- Thomson Reuters I/B/E/S.Bunge - ‍In oilseeds, overall global structural crush margins were compressed during quarter , reflecting farmer retention and excess meal supply.Bunge - ‍Savings from competitiveness program expected to total $100 million with additional $80 million of savings from industrial initiatives in 2018​.Bunge Ltd - ‍Overall, expect sequential earnings improvement in Q4.Bunge Ltd says ‍global oilseed crush and distribution margins continue to track below expectations.  Full Article

Glencore strikes standstill agreement with Bunge - WSJ
Friday, 13 Oct 2017 12:00pm EDT 

Oct 13 (Reuters) - :Glencore strikes a standstill agreement with Bunge - WSJ, citing sources‍​.  Full Article

Bunge limited announces pricing of senior notes offering
Monday, 18 Sep 2017 05:32pm EDT 

Sept 18 (Reuters) - Bunge Ltd :Bunge limited announces pricing of senior notes offering.Bunge Ltd - ‍Its unit priced a public offering of $400 million aggregate principal amount of 3.00% senior notes due 2022​.Bunge Ltd - Unit also priced public offering of ‍$600 million aggregate principal amount of 3.75% senior notes due 2027​.  Full Article

Bunge "somewhat constrained" in M&A after IOI Loders deal-CEO
Tuesday, 12 Sep 2017 11:08am EDT 

Sept 12 (Reuters) - Bunge Ltd :Bunge will be "somewhat constrained" in M&A after IOI Loders deal; partnerships and joint ventures still possible - Bunge CEO.Bunge food & ingredients business seen contributing about a third of company earnings after IOI Loders deal - Bunge CEO.  Full Article

Bunge to acquire 70pct ownership interest in IOI Loders Croklaan to create a leading solutions provider in B2B oils
Tuesday, 12 Sep 2017 06:30am EDT 

Sept 12 (Reuters) - Bunge Ltd ::Bunge to acquire 70pct ownership interest in IOI loders Croklaan to create a leading solutions provider in B2B Oils.Bunge Ltd - deal ‍immediately accretive to cash earnings​.Bunge Ltd - deal for ‍for $946 million​.Bunge Ltd - ‍transaction is expected to result in $15 million in cost synergies in year one​.Bunge Ltd - ‍ transaction is expected to result in $15 million in cost synergies in year one​.Bunge Ltd - deal value comprises of eur 297 million and $595 million in cash​.Bunge Ltd - ‍bunge has entered into a $900 million, unsecured, delayed draw, three-year term loan agreement with sumitomo mitsui banking corporation​.Bunge - ‍in year three, cost synergies expected to total $45 million and revenue synergies are expected to be $35 million for a total of $80 million annually​.Bunge Ltd - is expected that loders will generate $105 million of EBITDA in 2018 on a stand-alone basis​ post deal.Bunge Ltd - ‍ a $900 million, unsecured, delayed draw, three-year term loan agreement may be used to finance acquisition​.Bunge Ltd - deal for ‍transaction is expected to be accretive to earnings on a cash basis in first 12 months post-closing​.Bunge Ltd - ‍for a period of five years after deal closing, Bunge will have right to purchase remaining interest in loders from IOI​.Bunge Ltd - ‍transaction is expected to be accretive to earnings by about 5pct on a GAAP basis and about 7pct on a cash basis by end of year three​.  Full Article

Bunge Ltd says unit entered unsecured $865 mln five year credit agreement - SEC filing‍​
Thursday, 7 Sep 2017 06:49am EDT 

Sept 7 (Reuters) - Bunge Ltd :Bunge Ltd - on Sept 6, subsidiary of co, entered unsecured U.S.$865 million five year credit agreement - SEC filing‍​.Bunge Ltd - credit agreement amends and restates existing $865 million amended and restated credit agreement, dated as of June 17.  Full Article

Bunge declares regular qtrly cash dividend of $0.46/shr
Tuesday, 8 Aug 2017 05:02pm EDT 

Aug 8 (Reuters) - Bunge Ltd ::Bunge Ltd says its board of directors has declared a regular quarterly cash dividend of $0.46 per common share.  Full Article

Bunge CEO says U.S. grain handling, S.American and Asian oilseed crushing ripe for consolidation
Wednesday, 2 Aug 2017 11:40am EDT 

Aug 2 (Reuters) - Bunge Ltd :Bunge CEO Soren Schroder says U.S. grain handling, South American and Asian oilseed crushing ripe for consolidation.Bunge CEO says global grain inventories peaking, agricultural commodities market rebound "just a matter of time".  Full Article

EU mergers and takeovers (Jan 12)

BRUSSELS, Jan 12 The following are mergers under review by the European Commission and a brief guide to the EU merger process: