Bunge Global to Add $500M to Share-Buyback Program

Dow Jones

2024-11-16

By Sabela Ojea

Bunge Global is expanding the size of its share-buyback program by $500 million.

The agribusiness and food company on Friday said that its board of directors approved the stock-repurchase program, whose proceeds will be used toward its sugar and bioenergy joint venture.

The expanded share buyback comes in addition to about $800 million for company stock repurchases that remain available under the existing buyback program, taking the aggregate purchase authorization to about $1.3 billion.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

November 15, 2024 17:40 ET (22:40 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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