Bunge Global

“an interest in our soy processing footprint in Spain to Repsol”

Bunge divested an interest in its Spain soy-processing footprint to Repsol as part of its divestment program.

“With the Viterra transaction closing behind us, this was our first quarter operating as a combined company and I'm very pleased with the way our teams have embraced integration and the One Bunge culture.”

Bunge closed its acquisition of Viterra and is now operating as a combined company, with integration and commercial synergies underway.

“following our closing of Viterra, S&P upgraded our credit rating to A-, reflecting our improved business risk profile given the step change in our scale and diversification.”

S&P upgraded Bunge's credit rating to A- following the Viterra close, reflecting the rating agency's positive view of the combined company's scale and diversification.

“We also received $776 million of cash proceeds related to the sale of our U.S. corn milling business, the sale of an interest in our soy crush footprint in Spain to Repsol and final payment for the sale of our interest in the Sugar & Bioenergy joint venture that closed in 2024.”

Bunge sold a stake in its Spanish soy crush footprint to Repsol as part of ongoing portfolio optimization, giving Repsol an expanded position in renewable feedstock processing.

“Of course, we have the crush project that's in our joint venture with Chevron. We're expecting that to come on probably, call it, late Q2 of next year.”

Bunge's soybean crush joint venture with Chevron is progressing toward a mid-2026 startup, part of the two companies' renewable-fuels feedstock partnership.

“We're very pleased to have completed our combination with Viterra earlier this month, creating the premier agribusiness solutions company positioned to address some of the most pressing needs of the 21st century for farmers and consumers across food, feed and fuel.”

Bunge closed its long-planned combination with Viterra, creating a larger, more diversified global agribusiness platform with expanded crush and origination capacity.

“We also closed our previously announced partnership with Repsol and announced a key milestone with the incorporation of intermediate novel crops in the production of renewable fuels in Europe.”

Bunge closed its renewable-fuels joint venture with Spanish energy company Repsol, combining Bunge's soy-processing and novel-crop origination with Repsol's lower-carbon fuel production in Europe.

“Recently chose to execute our rights to terminate the definitive share purchase agreement with CJ Selecta pursuant to its terms.”

Bunge terminated its planned acquisition of Brazilian soy-protein-concentrate maker CJ Selecta after the deal's long-stop date passed, though management still called the underlying feed market attractive.

“Let me start with Viterra, of course, number one, look, the strategic merits of this transaction remain in place, and it accelerates everything that we’re doing strategically.”

Bunge reaffirmed the strategic case for its pending combination with agribusiness Viterra and said it expects to close soon despite regulatory delays (chiefly China), calling the merits of the deal unchanged.