m_and_a
confidence high
sentiment positive
materiality 1.00
Bunge completes merger with Viterra, creating global agribusiness solutions company
Bunge Global SA
- Bunge acquired all outstanding Viterra shares, issuing 65.6M shares valued at ~$5.3B plus $2B cash to Sellers.
- Sellers include Glencore, CPPIB, BCI; they collectively now own ~33% of Bunge's registered shares.
- David Mattiske, former Viterra CEO, appointed Bunge Co-Chief Operating Officer with salary of EUR 748,883.
- Combined company expects incremental network synergies and more stable cash flows from diversified footprint.
- Adrian Isman, Anne Jensen, Christopher Mahoney, Markus Walt elected to Bunge board as director nominees.
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