Bunge Global SA - BG STOCK NEWS

Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on May 11, 2023, at 11:00 a.m. Central Time. The meeting will be conducted as a virtual-only event, accessible via a live audio webcast at www.virtualshareholdermeeting.com/BG2023. Shareholders can vote their shares and submit questions using their control numbers from proxy materials. The record date for voting eligibility was March 13, 2023. All shareholders are encouraged to vote in advance of the meeting, regardless of attendance plans.

Bunge connects farmers to consumers, delivering essential food and fuel. The company operates over 300 facilities in 40 countries, employing nearly 23,000 people. For ongoing updates, investors can visit Bunge's website.

Bunge (NYSE: BG) has finalized an asset purchase agreement to acquire Fuji Oil New Orleans' newly constructed port-based refinery at IMTT's Avondale Terminal in Louisiana. This state-of-the-art facility boasts multi-oil refining capabilities, enhancing Bunge’s customer base and operational footprint in North America. The acquisition aligns with Bunge's long-term strategy to expand its value-added oils segment, with expectations to commence operations in Q2 2023. The facility's expansion will create new job opportunities and strengthen Bunge's partnerships within the local community. Bunge has a longstanding relationship with IMTT, dating back 80 years, emphasizing their commitment to the region.

Bunge Limited (NYSE: BG) will announce its Q1 2023 results on May 3, 2023, before market opening. A conference call is scheduled for 7:00 am CT to discuss these results, accompanied by a slide presentation available on www.bunge.com.

Investors can access the webcast in the 'Events and presentations' section of the website. A replay will be available from May 3 to June 3, 2023, via specific dial-in numbers provided in the release.

Bunge aims to sustain global food security and innovate in food solutions, supported by a workforce of nearly 23,000 across 300 facilities in over 40 countries.

Bunge Limited (NYSE: BG) announced leadership changes ahead of the 2023 Annual General Meeting. Non-executive chairperson Kathleen Hyle and director Erik Fyrwald will not seek re-election. Mark Zenuk, a board member since 2018, is nominated to serve as non-executive chairperson, pending re-election. The board also plans to nominate Monica McGurk, CEO of Tropicana, and David Fransen, former chairman of Vitol, as new directors. Hyle expressed pride in the company's achievements during her tenure, while Zenuk emphasized the importance of the new nominees' experience in agribusiness and consumer goods. These changes aim to steer Bunge toward continued growth.

Bunge (NYSE: BG), Corteva (NYSE: CTVA), and Chevron (NYSE: CVX) announced a collaboration to introduce proprietary winter canola hybrids aimed at producing low-carbon plant-based oil. This initiative targets the renewable fuels market in the southern United States, creating a sustainable crop rotation for farmers while enhancing soil health. The plan includes a pilot program in the 2022-23 growing season to optimize management practices. Executives from the collaborating companies emphasized the importance of feedstock innovation for advancing a lower-carbon energy future and supporting agricultural productivity.

Bunge Limited (NYSE: BG) is set to replace Signature Bank (NASDAQ: SBNY) in the S&P 500 index before market open on March 15, 2023. This change comes after the Federal Deposit Insurance Corporation (FDIC) placed Signature Bank into receivership, rendering it ineligible for the index. The addition of Bunge, a major player in the consumer staples sector, highlights a significant shift in the index's composition. This move may affect investor sentiment towards both companies, particularly in light of Signature Bank's recent challenges.