Brings stakeholders close to the farmers to deliver food, feed and fuel globally
Bunge Global SA closes merger agreement with Viterra Limited, creating a premier global agribusiness solutions company for food, feed, and fuel as part of transformative business combination.
Strategic and Financial Benefits of the Combination
- Global, Fully Integrated Agribusiness Solutions Company: With Bunge’s and Viterra’s highly complementary asset footprints, the combined company will be positioned to connect farmers in the world’s largest production regions to areas with the fastest-growing consumption.
- Enhanced Ability to Meet the Demands of Increasingly Complex Markets: Better balance of value chains across geographies, access to more key origination markets and a diversified agriculture network covering all major crops will enhance the combined company’s ability to provide solutions for end customers in any environment.
- Proven Management Teams with Track Records of Value Creation: The combined organization brings together two world-class management teams and is well positioned to create meaningful value for all shareholders with its highly compelling financial profile.
- Strong Financial Profile: The combination is expected to benefit from significant incremental network synergies across joint commercial opportunities, vertical integration efficiencies, and improved logistics optimization and trading optionality from a larger and broader network. The combined company expects to see relatively more stable cash flows from the larger, more diversified footprint. The improvement in the business risk and credit profile of the combined company is expected to drive capital structure efficiencies and cost of capital benefits.
Greg Heckman, Bunge’s Chief Executive Officer, said: “This collaboration and commitment brought us to this milestone. Together, we’ve formed a stronger organization with enhanced capabilities and expertise, maximize value for our stakeholders and fulfill our shared purpose to connect farmers to consumers to deliver food, feed and fuel to the world. Now, we begin the exciting work of bringing our teams and operations together, uniting our strengths to realize the full potential of this combination.”
