Bunge Completes Move To Switzerland
Bunge said it has “completed the previously announced move of the place of incorporation of its group holding company to Switzerland from Bermuda.”
A spokesperson said, “With the redomestication effective, Bunge’s group holding company is now a Swiss corporation, Bunge Global SA. Bunge continues to be listed exclusively on the New York Stock Exchange under the ticker symbol “BG,” and Bunge Global SA will continue Bunge’s normal course of global business.
“The company also announced that its Board of Directors has declared on October 31, 2023, a cash dividend of $0.6625 per common share. The dividend will be paid out of the Company’s capital contribution reserves and is payable on March 1, 2024, to shareholders of record on February 16, 2024.”
Interesting press release. Note “emerging trends in the global tax environment”
Bunge Announces Proposed Change in Place of Incorporation from Bermuda to Switzerland
12/08/22
Bunge has performed an extensive review of its business operations and emerging trends in the global tax environment. Switzerland was determined to be the best jurisdiction in which to redomesticate, as it allows Bunge to align its corporate legal structure with its commercial operations, is more centrally located within its major markets, and is home to many global companies. In addition, Bunge has had substantial operations in Switzerland for more than two decades. The company’s operational headquarters will remain in St. Louis.
Get ready, more to come.