WHITE PLAINS, N.Y.,
May 15, 2018 /PRNewswire/
-- Bunge Limited (NYSE: BG) ("Bunge") announced the
filing today of a registration request with the Brazilian
Securities Commission for a potential initial public offering
("IPO") of Bunge Açúcar & Bionergia, Bunge's sugar milling
business in Brazil.
Bunge has prepared the business to operate as a stand-alone
company and recently obtained debt financing for the business.
Today's filing further progresses Bunge's previously stated
intentions to focus on its Agribusiness and Food & Ingredients
businesses and enables the company to move forward with an IPO,
subject to market conditions and valuation. Following the execution
of an IPO, Bunge would be the majority shareholder, enabling it to
participate in future value creation driven by the stand-alone
company's growth and cyclical improvement in global sugar market
conditions.
Bunge Açúcar & Bionergia owns and operates eight mills
located across the Southeast, North and Midwest regions of
Brazil. With 22 million metric
tons of crushing capacity per year, it has the flexibility to
produce a mix of ethanol and sugar, and generates renewable
electricity through its cogeneration facilities to
self-sufficiently power all of its mills and sell surplus
electricity to the Brazilian power grid.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, and shall not
constitute an offer, solicitation, or sale in any jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of that
jurisdiction. The offer and sale of Bunge Açúcar & Bionergia's
shares in Brazil is subject to
prior registration of the offering and issuer with the Brazilian
Securities Commission. The offer and sale of Bunge Açúcar &
Bionergia's shares has not been and will not be registered under
the U.S. Securities Act or under the securities laws of any U.S.
state.
Website Information
We routinely post important information for investors on our
website, www.bunge.com, in the "Investors" section. We may use this
website as a means of disclosing material, non-public information
and for complying with our disclosure obligations under Regulation
FD. Accordingly, investors should monitor the Investors section of
our website, in addition to following our press releases, SEC
filings, public conference calls, presentations and webcasts. The
information contained on, or that may be accessed through, our
website is not incorporated by reference into, and is not a part
of, this document.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global
agribusiness and food company operating in over 40 countries with
approximately 32,000 employees. Bunge buys, sells, stores and
transports oilseeds and grains to serve customers worldwide;
processes oilseeds to make protein meal for animal feed; produces
edible oil products for consumers and commercial customers in the
food processing, industrial and artisanal bakery, confectionery,
human nutrition and food service categories; produces sugar and
ethanol from sugarcane; mills wheat, corn and rice to make
ingredients used by food companies; and sells fertilizer in
South America. Founded in 1818,
the company is headquartered in White
Plains, New York.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains both historical and forward-looking
statements. All statements, other than statements of historical
fact are, or may be deemed to be, forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements include, among others,
statements relating to the proposed initial public offering of the
sugar milling business, its potential structure, benefits and
completion. These forward-looking statements reflect our
current expectations and projections about our future results,
performance, prospects and opportunities. We have tried to identify
these forward-looking statements by using words including "may,"
"will," "should," "could," "expect," "anticipate," "believe,"
"plan," "intend," "estimate," "continue" and similar expressions.
These forward-looking statements are subject to a number of risks,
uncertainties and other factors that could cause our actual
results, performance, prospects or opportunities to differ
materially from those expressed in, or implied by, these
forward-looking statements. The following important factors, among
others, could cause actual results to differ from these
forward-looking statements: obtaining or the timing of obtaining
any required regulatory approvals or other conditions to the
transaction, changes in laws, economic and financial market
conditions, industry conditions in the sugar milling business and
the global sugar market, risks associated with any disruption to
Bunge's business due to execution of the proposed transaction,
significant unanticipated transaction costs and/or unknown
liabilities, changes in capital market conditions, future
opportunities that we may determine present greater potential to
increase shareholder value; the ability of the sugar milling
business to operate as a public company following the
transaction; and other factors affecting our business
generally. The forward-looking statements included in this release
are made only as of the date of this release, and except as
otherwise required by federal securities law, we do not have any
obligation to publicly update or revise any forward-looking
statements to reflect subsequent events or circumstances.
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SOURCE Bunge Limited