Glencore combines with Bunge? Nothing but hot air…

White Plains / NY. (bl / eb) In response to a statement issued by Glencore PLC on 23 Mai, Bunge Limited stated on 24 Mai that it is not engaged in business combination discussions with Glencore Agriculture Limited (GAL) or Glencore PLC. Bunge is committed to continuing to execute its global agri-foods strategy and pursuing opportunities for driving growth and value creation.

Glencore PLC has said in the mentioned statement, that the company has noted recent media speculation regarding an approach by Glencore to Bunge Limited. So Glencore confirmed that GAL – Glencore’s non-consolidated agriculture joint venture – has made an informal approach to Bunge Limited regarding a possible consensual business combination. Following this informal approach from GAL, discussions «may or may not materialise» and there is no certainty that any transaction will occur, Glencore PLC said in its statement.

As we now know, Bunge Limited is not interested and not engaged in business combination discussions with GAL or Glencore PLC with head office in Baar, Switzerland.

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