Stratrix
On the Record · Bungeltd

Bungeltd acquisitions, on the record

The businesses Bungeltd bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Oil refinery located in Rotterdam, Netherlands (Bunge Loders Croklaan joint venture sale to Neste Corporation)
Word for word“On November 4, 2020, Bunge announced that its Bunge Loders Croklaan joint venture had entered into an agreement to sell its oil refinery located in Rotterdam, Netherlands to Neste Corporation for € 258 million (approximately $ 317 million) in cash, excluding working capital.” 10-K for 2020
agreed divestitureNovember 4, 2020€ 258 million (approximately $ 317 million)
Brazilian margarine and mayonnaise assets
Word for word“Other income (expenses) - net increased $216 million to income of $95 million for the year ended December 31, 2020 compared to expense of $121 million for the year ended December 31, 2019, due to a gain on the sale of our Brazilian margarine and mayonnaise assets, which closed in the fourth quarter of 2020, and a non-recurring prior year goodwill impairment charge of $108 million associated with Loders.” 10-K for 2020
divestiturefourth quarter of 2020—
Business held for sale, reported under the Agribusiness segment (not named in the text)
Word for word“The completion of the sale is subject to customary closing conditions, including regulatory approval, and it is expected to close in the first half of 2021.” 10-K for 2020
agreed divestiturein the first half of 2021—
Loders
Word for word“Increased sales volumes driven by our acquisition of Loders on March 1, 2018, were offset by lower prices in the U.S., Europe, and Brazil.” 10-K for 2020
acquisitionMarch 1, 2018—
Minsa (two corn mills in the U.S.)
Word for word“The increase was primarily driven by higher sales prices for wheat products in Brazil, the acquisition of two corn mills in the U.S. ("Minsa") during the first quarter of 2018, and higher sales prices in our U.S. rice milling business.” 10-K for 2020
acquisitionduring the first quarter of 2018—
Minsa USA
Word for word“In addition, we acquired Loders for $908 million, net of cash acquired, and Minsa USA for $73 million, net of cash acquired.” 10-K for 2020
acquisition—$73 million, net of cash acquired
wheat milling business in Mexico
Word for word“On October 12, 2021, Bunge entered into an agreement to sell substantially all of its wheat milling business in Mexico in exchange for cash proceeds approximately equal to the book value of Property, plant and equipment, net, plus an additional sum in consideration for the value of net working capital to be transferred upon closing.” 10-K for 2021
agreed divestitureOctober 12, 2021cash proceeds approximately equal to the book value of Property, plant and equipment, net, plus an additional sum in consideration for the value of net working capital
Rotterdam oils refinery
Word for word“Current period income was primarily due to a $219 million gain, which includes the amount attributable to noncontrolling interests, resulting on the sale of our Rotterdam oils refinery, as well as a $19 million gain on the sale of a Mexican oils packaging facility.” 10-K for 2021
divestiture——
oils packaging facility in Queretaro, Mexico
Word for word“During 2021, Bunge completed the sale of its oils packaging facility in Queretaro, Mexico.” 10-K for 2021
divestitureDuring 2021—
United States interior grain elevators
Word for word“We also generated proceeds from the divestiture of businesses and disposal of property, plant and equipment of $647 million driven by proceeds from the sales of our United States interior grain elevators and oils facilities in Rotterdam and in Mexico.” 10-K for 2021
divestiture——
rice milling business
Word for word“These increases were partially offset by lower volumes in North America resulting from the prior year sale of our rice business and favorable current year mark-to-market results.” 10-K for 2021
divestiture——
noncontrolling equity interest of Z.T. Kruszwica S.A.
Word for word“Additionally, we paid $147 million to acquire the noncontrolling equity interest of our Polish subsidiary, Z.T. Kruszwica S.A.” 10-K for 2021
acquisition—$147 million
Brazilian sugar and bioenergy operations (joint venture with the Brazilian biofuels business of BP p.l.c.)
Word for word“In December 2019, Bunge contributed its Brazilian sugar and bioenergy operations, forming the majority of its Sugar and Bioenergy segment, through which it produced and sold sugar and ethanol derived from sugarcane, as well as energy derived from the sugar and ethanol production process, into a joint venture with the Brazilian biofuels business of BP p.l.c.” 10-K for 2021
divestitureDecember 2019—
remaining Russian operations
Word for word“On February 3, 2023, we completed the sale of our remaining Russian operations (discussed further in Note 3- Acquisitions and Dispositions ).” 10-K for 2022
divestitureOn February 3, 2023—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$34 million$13 million
2017-12-31$369 million$111 million
2018-12-31$981 million$261 million
2019-12-31$0—
2020-12-31$0$0

Deal filings since 2016

Read from Bungeltd’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.