Tag Archives: Bunge

Bunge appoints acting CEO Gregory Heckman as new chief executive

Bunge Ltd named Gregory Heckman as its new chief executive officer, three months after he stepped in as acting CEO at the embattled global grains merchant stung by slumping grain prices and a bruising U.S.-China trade war. Heckman, a founding partner of private investment firm Flatwater Partners and the former chief executive of grains trader Gavilon Group, was appointed acting …

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Bunge exits sugar trading business

Bunge is getting out of sugar trading and distribution after reporting a fourth-quarter loss. Its eight Brazilian mills can produce sugar and ethanol and have a capacity of more than 20 million tonnes. Bunge Ltd. is exiting the global sugar trading business and has identified “a few interested parties” in the business as it moves to concentrate on its grains …

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ADM has made merger approach to Bunge

US agribusiness  giant Archer Daniels Midland Co. (ADM) has made a takeover approach to Bunge Ltd. (BG), WSJ and Reuters reported. The proposal likely set up a possible bidding war after Glencore earlier made an overture to the agricultural powerhouse. Archer Daniels Midland Co. (ADM), American global food processing and commodities trading Corporation, has proposed a takeover of Bunge Ltd …

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