Bunge calls assembly to vote on move to Switzerland

Bunge called its shareholders to an extraordinary general meeting on October 5, 2023. At this meeting, the transfer of the company's headquarters to Switzerland (currently in Bermuda) and the acquisition of Viterra (here). The proposals are independent; may be approved or rejected without prejudice to the other.

According to Greg Heckman (Chief Executive Officer) and Mark Zenuk (Chair of the Board of Directors), the move to Switzerland "aligns our corporate legal structure with a country more centralized in Bunge's main geographic operations, which is also home to many companies It also allows us to adapt more effectively to an evolving global regulatory environment."

In connection with the acquisition of Viterra Limited, the agreement entered into on June 13, 2023 provides for "the issuance of approximately 65,6 million common shares, par value of US$0,01 per share, of Bunge, to the sellers as part of the consideration for the acquisition.”

Transfer to Switzerland

In addition to moving to Switzerland, the proposal presented at the meeting envisages changing the company name to Bunge Global SA. The number of shares held by each current shareholder will be identical to that held in Bunge Limited.

Upon completion of the process, Bunge Global SA must continue the commercial operations conducted by Bunge Limited.

Bunge Global SA shares will be listed on the New York Stock Exchange under the symbol “BG”, the same as today. And the company will continue to be subject to the requirements of the U.S. Securities and Exchange Commission (SEC).

Bunge was incorporated in Bermuda in 1995, when the Bunge companies were consolidated into a single corporate group. On November 15, 2022, Bunge's board of directors unanimously approved the transfer to Switzerland.

According to company information, in addition to shareholder approval, the transfer requires agreement from the Supreme Court of Bermuda.