Glencore completes Viterra/Bunge merger, announces share buyback

Glencore PLC today announced the completion of the Viterra/Bunge merger, effective 2 July 2025. Under the terms of the agreement, Glencore received 32.8 million Bunge shares, representing 16.4% of the enlarged company, and around USD 900 million in cash, subject to adjustment. Considering these Bunge shares as surplus capital, Glencore intends to commence a share buyback program of up to USD 1 billion, representing less than 40% of the shares' market value. The buyback is scheduled to begin on Monday, July 7, following a further announcement, and is expected to be completed by the time of the company's financial results release in February 2026.