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Hub AI
Bunge Global AI simulator
(@Bunge Global_simulator)
Hub AI
Bunge Global AI simulator
(@Bunge Global_simulator)
Bunge Global
Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.
As well as being an international soybean exporter, it is also involved in food processing, grain trading, and fertilizer. It competes with Archer Daniels Midland, Cargill and Louis Dreyfus. The company has approximately 23,000 employees in 40 countries.
Bunge was founded in 1818 by Johann Peter Gottlieb Bunge in Amsterdam, it was relocated to Antwerp by Edouard Bunge in 1859. Edouard's brother; Ernest Bunge, took the Bunge name to Argentina in 1884, and in 1905 the business extended to Brazil and later on to the United States. The company was converted into the Bermuda-registered Bunge International in 1994, retaining the Bunge y Born name only in Argentina. Bunge remained a privately held company of 180 shareholders (including the longtime controlling family interests) and divested itself in 1998 of almost all its retail foods interests in favor of a greater role in international agribusiness and commodity markets; by then the company's gross annual turnover had reached US$13 billion. Bunge ultimately went public on the New York Stock Exchange in 2001, becoming Bunge Limited.
In 1994, the Bermuda-registered Bunge International was created as the main company in which the families had shares. There were around 180 shareholders—the main families were Hirsch, Bunge, Born, Engels, and De La Tour. This replaced the older structure in which individual shareholders had stakes in all the different Bunge companies. Now only in Argentina does the Bunge y Born name still exist.[citation needed]
In 2001, under the leadership of Alberto Weisser, Bunge was listed on the New York Stock Exchange. Through their three businesses—agribusiness, fertilizer, and food products—they have established a leading global presence in the farm-to-consumer food chain. Bunge is the world's largest oilseed processor, the world's number one seller of bottled vegetable oil to consumers and the largest producer and supplier of fertilizers to farmers in South America.[citation needed]
In 2002, Bunge acquired Cereol, parent of oilseed companies Central Soya and CanAmera Foods. In 2008, Bunge acquired Walter Rau, a margarine company, from Germany. In 2009, Bunge acquired the margarine business from Raisio Group, maker of functional food ingredients. In 2017, Bunge announced intentions to acquire a 70% stake in IOI Loders Croklaan for $946 million from Malaysian palm oil producer IOI Corp Berhad.
In 2012, Bunge came under criticism from NGO Survival International for sourcing its sugarcane from the ancestral land of the Guaraní people in Brazil. It has been reported by the tribe that crop production has brought pesticides and machinery that has damaged their health, as well as restricting them to a small area that has prevented them from hunting and practicing their traditions.[citation needed] Also, in January 2003, opposition from the tribe had led to the killing of their chief Marcus Vernon by ranchers. In 2012, survivors were requesting Bunge follows the example of the company Raízen, which agreed to stop the sourcing of sugarcane from the area.
In May 2017, Glencore in Switzerland began pursuing the acquisition of Bunge. In early June 2017, Bunge hired advisers to help it fend off Glencore's takeover interest. In January 2017, Archer Daniels Midland agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million. On January 19, 2018, it was reported that Archer Daniels Midland had approached Bunge Ltd. about a takeover, with details "unclear." At that point, Bunge had a market value of about $9.8 billion, and was still being pursued by Glencore.
Bunge Global
Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.
As well as being an international soybean exporter, it is also involved in food processing, grain trading, and fertilizer. It competes with Archer Daniels Midland, Cargill and Louis Dreyfus. The company has approximately 23,000 employees in 40 countries.
Bunge was founded in 1818 by Johann Peter Gottlieb Bunge in Amsterdam, it was relocated to Antwerp by Edouard Bunge in 1859. Edouard's brother; Ernest Bunge, took the Bunge name to Argentina in 1884, and in 1905 the business extended to Brazil and later on to the United States. The company was converted into the Bermuda-registered Bunge International in 1994, retaining the Bunge y Born name only in Argentina. Bunge remained a privately held company of 180 shareholders (including the longtime controlling family interests) and divested itself in 1998 of almost all its retail foods interests in favor of a greater role in international agribusiness and commodity markets; by then the company's gross annual turnover had reached US$13 billion. Bunge ultimately went public on the New York Stock Exchange in 2001, becoming Bunge Limited.
In 1994, the Bermuda-registered Bunge International was created as the main company in which the families had shares. There were around 180 shareholders—the main families were Hirsch, Bunge, Born, Engels, and De La Tour. This replaced the older structure in which individual shareholders had stakes in all the different Bunge companies. Now only in Argentina does the Bunge y Born name still exist.[citation needed]
In 2001, under the leadership of Alberto Weisser, Bunge was listed on the New York Stock Exchange. Through their three businesses—agribusiness, fertilizer, and food products—they have established a leading global presence in the farm-to-consumer food chain. Bunge is the world's largest oilseed processor, the world's number one seller of bottled vegetable oil to consumers and the largest producer and supplier of fertilizers to farmers in South America.[citation needed]
In 2002, Bunge acquired Cereol, parent of oilseed companies Central Soya and CanAmera Foods. In 2008, Bunge acquired Walter Rau, a margarine company, from Germany. In 2009, Bunge acquired the margarine business from Raisio Group, maker of functional food ingredients. In 2017, Bunge announced intentions to acquire a 70% stake in IOI Loders Croklaan for $946 million from Malaysian palm oil producer IOI Corp Berhad.
In 2012, Bunge came under criticism from NGO Survival International for sourcing its sugarcane from the ancestral land of the Guaraní people in Brazil. It has been reported by the tribe that crop production has brought pesticides and machinery that has damaged their health, as well as restricting them to a small area that has prevented them from hunting and practicing their traditions.[citation needed] Also, in January 2003, opposition from the tribe had led to the killing of their chief Marcus Vernon by ranchers. In 2012, survivors were requesting Bunge follows the example of the company Raízen, which agreed to stop the sourcing of sugarcane from the area.
In May 2017, Glencore in Switzerland began pursuing the acquisition of Bunge. In early June 2017, Bunge hired advisers to help it fend off Glencore's takeover interest. In January 2017, Archer Daniels Midland agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million. On January 19, 2018, it was reported that Archer Daniels Midland had approached Bunge Ltd. about a takeover, with details "unclear." At that point, Bunge had a market value of about $9.8 billion, and was still being pursued by Glencore.