# EDGAR Filing Document

**Accession Number:** 0001996862
**File Stem:** 0001140361-25-025077
**Filing Date:** 2025-7
**Character Count:** 32993
**Document Hash:** 89d4232469c663b0ee3acb433d01ba35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-025077.hdr.sgml**: 20250707

**ACCESSION NUMBER**: 0001140361-25-025077

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250707

**DATE AS OF CHANGE**: 20250707

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bunge Global SA
- **CENTRAL INDEX KEY:** 0001996862
- **STANDARD INDUSTRIAL CLASSIFICATION:** FATS & OILS [2070]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94243
- **FILM NUMBER:** 251109240

**BUSINESS ADDRESS:**
- **STREET 1:** ROUTE DE FLORISSANT 13
- **CITY:** GENEVA
- **STATE:** V8
- **ZIP:** 1206
- **BUSINESS PHONE:** 41 22 592 91 00

**MAIL ADDRESS:**
- **STREET 1:** ROUTE DE FLORISSANT 13
- **CITY:** GENEVA
- **STATE:** V8
- **ZIP:** 1206
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Glencore plc
- **CENTRAL INDEX KEY:** 0001521365
- **STANDARD INDUSTRIAL CLASSIFICATION:** UNKNOWN SIC - 8880 [8880]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Y9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** BAARERMATTSTRASSE 3
- **CITY:** BAAR
- **STATE:** V8
- **ZIP:** CH-6341
- **BUSINESS PHONE:** 41 41 709 2000

**MAIL ADDRESS:**
- **STREET 1:** BAARERMATTSTRASSE 3
- **CITY:** BAAR
- **STATE:** V8
- **ZIP:** CH-6341

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Glencore Xstrata plc
- **DATE OF NAME CHANGE:** 20130606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GLENCORE INTERNATIONAL PLC
- **DATE OF NAME CHANGE:** 20110520

## Exhibit 99.1

------

**Exhibit 99.1**<br>

#### JOINT FILING AGREEMENT
Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 13d-1(k)(1) thereunder, the undersigned hereby agree to the joint filing on behalf of each of them of any filing required by such party under Section 13(d) of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with respect to the Registered Shares, par value $0.01 per share, of Bunge Global SA, and further agree to the filing, furnishing, and/or incorporation by reference of this Agreement as an exhibit thereto. Each of them is responsible for the timely filing of such filings and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.

---

| | | |
|:---|:---|:---|
| Dated: July 7, 2025 | **GLENCORE PLC** | **GLENCORE PLC** |
|  | By: | /s/ John Burton |
|  | Name: | John Burton |
|  | Title: | Company Secretary |
|  | **GLENCORE INTERNATIONAL AG** | **GLENCORE INTERNATIONAL AG** |
|  | By: | /s/ John Burton |
|  | Name: | John Burton |
|  | Title: | Director |
|  | By: | /s/ Peter Friedli |
|  | Name: | Peter Friedli |
|  | Title: | Officer |
|  | **DANELO LIMITED** | **DANELO LIMITED** |
|  | By: | /s/ John Burton |
|  | Name: | John Burton |
|  | Title: | Authorized Signatory |

---

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## Exhibit 99.2

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#### Exhibit 99.2 <br>

#### <br>

#### SCHEDULE I
Set forth below are the names, business addresses and present principal occupations of the directors and executive officers of Glencore plc, Glencore International AG and Danelo Limited. Where no business address is given for an executive officer or director, and such director's or officer's principal employer is Glencore plc or one of its subsidiaries, the business address is Baarermattstrasse 3, CH-6340, Baar, Switzerland. To the best knowledge of the Reporting Persons, none of the persons listed below beneficially owns any Registered Shares.

---

| | | | |
|:---|:---|:---|:---|
| **Directors of Glencore plc:**<br> **** <br>**Name** | **Principal Occupation** | **Business Address** | **Citizenship** |
| Gary Nagle,<br> Director | Chief Executive Officer<br> of Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | South Africa |
| Kalidas Madhavpeddi,<br> Non-Executive Chairman | Director | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | USA |
| John Wallington,<br> Non-Executive Director | Director | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | South Africa |
| Martin Gilbert,<br> Non-Executive Director | Director | c/o Glencore UK Ltd.<br> 18 Hanover Square<br> London W1S 1JY<br> United Kingdom | United Kingdom |
| Cynthia Carroll,<br> Non-Executive Director | Director | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | USA |
| Gill Marcus,<br> Senior Independent Director | Director | c/o Glencore South Africa (Pty) Ltd.<br> 3rd Floor, Worley Parsons Building<br> 39 Melrose Boulevard<br> Melrose Arch<br> Melrose North 2196<br> South Africa | South Africa |
| Liz Hewitt,<br> Non-Executive Director | Director | c/o Glencore UK Ltd.<br> 18 Hanover Square<br> London W1S 1JY<br> United Kingdom | United Kingdom |
| María Margarita Zuleta,<br> Non-Executive Director | Director | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | Colombia |

---

------

---

| | | | |
|:---|:---|:---|:---|
| **Executive Officers of**<br> **Glencore plc:**<br> **** <br>**Name** | **Principal Occupation** | **Business Address** | **Citizenship** |
| Gary Nagle | Chief Executive Officer<br> of Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | South Africa |
| Steven Kalmin | Chief Financial Officer<br> of Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | Australia |
| John Burton | Company Secretary<br> of Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | United Kingdom |

---

---

| | | | |
|:---|:---|:---|:---|
| **Directors and Executive**<br> **Officers of Glencore**<br> **International AG:**<br> **** <br>**Name** | **Principal Occupation** | **Business Address** | **Citizenship** |
| Gary Nagle,<br> Member of the Board<br> of Directors | Chief Executive Officer<br> of Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | South Africa |
| Steven Kalmin,<br> Member of the Board<br> of Directors | Chief Financial Officer<br> of Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | Australia |
| John Burton,<br> Member of the Board<br> of Directors | Company Secretary<br> of Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | United Kingdom |

---

Each director of Glencore International AG is also an executive officer of the company.

------

---

| | | | |
|:---|:---|:---|:---|
| **Directors and Executive**<br> **Officers of Danelo** <br> **Limited:**<br> **** <br>**Name** | **Principal Occupation** | **Business Address** | **Citizenship** |
| John Burton,<br> Director | Company Secretary<br> of Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | United Kingdom |
| Markus Walt,<br> Director | Head of Business<br> Development of<br> Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | Switzerland |
| Anelia Batcheva,<br> Director | Head of Treasury<br> Operations of<br> Glencore plc | c/o Glencore International AG<br> Baarermattstrasse 3<br> CH-6340 Baar<br> Switzerland | Switzerland |

---

Each director of Danelo Limited is also an executive officer of the company.

------

#### SCHEDULE II
On May 24, 2022, in an agreement with the Department of Justice ("<u>DOJ</u>"), subject to final approval by the Court, Glencore International AG, a wholly-owned subsidiary of Glencore plc, agreed to $428,521,173 in fines and $272,185,792 in forfeiture and disgorgement and pled guilty in the Southern District of New York to one count of conspiracy to violate the US Foreign Corrupt Practices Act related to past actions in certain overseas jurisdictions. Glencore International AG agreed to pay $262,590,214 to the United States, with up to $136,236,140 to be credited against the resolution with UK authorities and up to $29,694,819 to be credited against any potential resolution with Swiss authorities, both in connection with investigations into related conduct. The DOJ resolution provided for forfeiture of $181,457,195 and credited Glencore International AG for $90,728,597 in disgorgement to the Commodity Futures Trading Commission ("<u>CFTC</u>"). The DOJ agreement provides for the appointment of an independent compliance monitor for a period of three years to assess and monitor Glencore International AG's compliance with the terms of the agreement and evaluate the effectiveness of its compliance program and internal controls.

On May 24, 2022, in a separate agreement with the DOJ, Glencore AG agreed to a fine of $341,221,682 and forfeiture of $144,417,203 and pled guilty in the District of Connecticut to one count of conspiracy to commit commodity price manipulation related to past market conduct in certain US fuel oil markets. Of this amount, $242,819,443 will be credited against the resolution with the CFTC. The DOJ agreement provides for the appointment of an independent compliance monitor for a period of three years to assess and monitor Glencore AG's compliance with the agreement and evaluate the effectiveness of its compliance program and internal controls.

In March 2025, the DOJ announced the early conclusion of the monitorships following a review of the facts and circumstances of the case and Glencore's efforts to date.

On May 24, 2022, Glencore International AG, Glencore AG and Chemoil Corporation (a wholly-owned subsidiary of Glencore plc) reached a separate agreement to resolve an investigation by the CFTC in relation to civil violations of the Commodity Exchange Act and CFTC regulations, in connection with past market conduct in certain US fuel oil markets as well as past corrupt practices in certain overseas jurisdictions. The companies agreed to pay $333,548,040 in civil penalties and disgorgement to the CFTC, with the $852,797,810 balance of the penalty to the CFTC being offset against penalties imposed by other authorities.

On May 24, 2022, Glencore further agreed to pay $39,598,367 under a resolution signed with the Brazilian Federal Prosecutor's Office in connection with its bribery investigation.

On June 21, 2022, Glencore Energy UK Limited (a wholly-owned subsidiary of Glencore plc) pled guilty in Southwark Crown Court to five counts of bribery and two counts of failure to prevent bribery under the UK Bribery Act 2010. On November 3, 2022, Glencore Energy UK Limited was sentenced to pay a financial penalty and costs of GBP 280,965,092.95.

On August 5, 2024, the Office of the Attorney General of Switzerland ("<u>OAG</u>") announced that it has closed its criminal investigation against Glencore International with a summary penalty order and an abandonment order. The summary penalty order holds Glencore International criminally liable for failing to have taken all necessary and reasonable organizational measures to prevent the bribery of a Congolese public official by a business partner in 2011 in connection with the acquisition from the state-owned mining company by that business partner of minority stakes in two mining companies in the Democratic Republic of the Congo. The OAG stated in the summary penalty order that it did not identify that any Glencore employees had any knowledge of the bribery by the business partner, nor did Glencore benefit financially from the conduct of the business partner. Glencore International has been sentenced to a fine of CHF 2 million and the OAG imposed a compensation claim in the amount of US$150 million in respect of the estimated benefit obtained by the business partner. Glencore has cooperated fully with the investigation by the OAG and taken significant measures to enhance its compliance programme, particularly since 2016, both of which were taken into account as mitigating factors in setting the amount of the fine. The parallel investigation by the Dutch Prosecution Service has also been concluded, and the case was dismissed following the resolution of the Swiss investigation. Glencore does not admit the findings of the OAG, but in the interests of resolving this matter has agreed not to appeal the summary penalty order.

------

## Exhibit 99.6

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#### Exhibit 99.6

#### POWER OF ATTORNEY
Know all by these presents, that the undersigned, Danelo Limited (the "Company"), hereby constitutes and appoints John Burton with full power of substitution, as the Company's true and lawful attorney-in-fact to:

1. prepare, execute in the Company's name and on the Company's behalf, and submit to the U.S. Securities and Exchange Commission (the "SEC") a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the Company to make electronic filings with the SEC of reports required by Section 13(d) and Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC;

<br> 2. execute for and on behalf of the Company with respect to Bunge Global SA, Schedules 13D and 13G and Forms 3, 4, and 5 in accordance with Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

3. do and perform any and all acts for and on behalf of the Company which may be necessary or desirable to complete and execute any such Schedules 13D or 13G or Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and timely file such form with the SEC and any stock exchange or similar authority; and

4. take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the Company, it being understood that the documents executed by such attorney-in-fact on behalf of the Company pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The Company hereby grants to the attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the Company might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The Company acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the Company, is not assuming any of the Company's responsibilities to comply with Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 and the rules thereunder.

Unless earlier revoked by the Company, this Power of Attorney shall in all circumstances remain in force and be irrevocable until such time as the attorney-in-fact ceases to be an employee of the Company or any of its affiliates, and shall be of no further effect after that date.

IN WITNESS WHEREOF, the Company has caused this Power of Attorney to be executed as of the 7th day of July, 2025.

---

| | |
|:---|:---|
| **DANELO LIMITED** | **DANELO LIMITED** |
| By: | <u>/s/ Markus Walt</u> |

---

Name: Markus Walt <br> Title: Director

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Bunge Global SA**

*(Name of Issuer)*

**Registered Shares, par value $0.01 per share (the ''Registered Shares'')**

*(Title of Class of Securities)*

**H11356104**

*(CUSIP Number)*

**John Burton**<br>Danelo Limited<br>Baarermattstrasse 3<br>Baar V8 CH-6340<br>41417092619

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**07/02/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **H11356104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Glencore plc** | Name of reporting person<br>**Glencore plc** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 6 | Citizenship or place of organization<br>**Y9** | Citizenship or place of organization<br>**Y9** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**32806103.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**32806103.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**32806103.00** | Aggregate amount beneficially owned by each reporting person<br>**32806103.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.4%** | Percent of class represented by amount in Row (11)<br>**16.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** For rows 8, 10 and 11, number represents the amount of Registered Shares directly held by Danelo Limited, which is an indirect wholly-owned subsidiary of Glencore plc.
For row 13, based on 200,042,383 Registered Shares outstanding as of July 2, 2025 (based on information provided by the Issuer).

| **CUSIP No.** | **H11356104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Glencore International AG** | Name of reporting person<br>**Glencore International AG** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 6 | Citizenship or place of organization<br>**V8** | Citizenship or place of organization<br>**V8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**32806103.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**32806103.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**32806103.00** | Aggregate amount beneficially owned by each reporting person<br>**32806103.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.4%** | Percent of class represented by amount in Row (11)<br>**16.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** For rows 8, 10 and 11, number represents the amount of Registered Shares directly held by Danelo Limited, which is a direct wholly-owned subsidiary of Glencore International AG.
For row 13, based on 200,042,383 Registered Shares outstanding as of July 2, 2025 (based on information provided by the Issuer).

| **CUSIP No.** | **H11356104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Danelo Limited** | Name of reporting person<br>**Danelo Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[x] | |
| 6 | Citizenship or place of organization<br>**Y9** | Citizenship or place of organization<br>**Y9** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**32806103.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**32806103.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**32806103.00** | Aggregate amount beneficially owned by each reporting person<br>**32806103.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.4%** | Percent of class represented by amount in Row (11)<br>**16.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** For row 13, based on 200,042,383 Registered Shares outstanding as of July 2, 2025 (based on information provided by the Issuer).

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Registered Shares, par value $0.01 per share (the ''Registered Shares'')

**(b) Name of Issuer:**
Bunge Global SA

**(c) Address of Issuer's Principal Executive Offices:**
1391 Timberlake Manor Parkway, Chesterfield, MO, 63017

**Item 4. Purpose of Transaction**

The information set forth or incorporated by reference in Items 3, 5 and 6 of this Schedule 13D is incorporated by reference into this Item 4.

The Reporting Persons acquired the securities of the Issuer covered by this Schedule 13D for investment purposes. However, the Reporting Persons will continually evaluate the Issuer's business, financial condition, results of operations, capital structure, management, synergies, stock market performance, competitive outlook and other relevant factors. As part of such evaluations, the Reporting Persons will seek the views of, hold discussions with, and respond to inquiries from representatives of the Issuer and other persons regarding the Issuer's affairs. Depending on the results of such evaluations, the Reporting Persons may at any time and from time to time, subject to the restrictions set forth in the Shareholder's Agreement (as defined below), (i) purchase, receive in a distribution or other transfer or otherwise acquire Registered Shares, other securities of the Issuer or instruments convertible into or exercisable for any such securities (collectively, "Issuer Securities"), (ii) sell, transfer, distribute or otherwise dispose of Issuer Securities in the open market, in privately negotiated transactions or otherwise (including entering into derivative transactions to hedge market risk), and (iii) engage in or encourage communications with the Issuer, members of management and the board of directors of the Issuer (the "Issuer Board"), other existing or prospective security holders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors to consider exploring any of (i) or (ii) above or any of the actions referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction. Other than as described above, the Reporting Persons do not currently have any plans or proposals that relate to, or would result in, any of the matters listed in Items 4(a) -(j) of Schedule 13D, although, depending on the factors discussed herein, the Reporting Persons may change their purpose or formulate different plans or proposals with respect thereto at any time.

Further, subject to certain exceptions, limitations and applicable law, pursuant to the Shareholder's Agreement, dated as of the Closing Date, by and between the Issuer and Danelo (the "Shareholder's Agreement"), Danelo is entitled to (i) nominate two individuals to the Issuer Board so long as the Reporting Persons (and any affiliates) continue to own at least 10% of the total outstanding shares of the Issuer and (ii) nominate one individual to the Issuer Board so long as the Reporting Persons (and any affiliates) continue to own at least 5% but no more than 10% of the total outstanding shares of the Issuer.

In addition, the Shareholder's Agreement imposes on Danelo (a) certain customary lockup obligations, with certain exceptions, for a period of one year following the Closing Date, (b) a prohibition on transfers to the Issuer's competitors and activist investors, (c) certain non-solicitation and non-compete obligations, with certain exceptions, until the later of (i) three years following the Closing Date and (ii) six months following the date Danelo no longer has a director serving on the Issuer Board, (d) a customary "standstill" for Danelo not to acquire any additional Registered Shares in excess of 19.9% of the total outstanding shares of the Issuer until Danelo ceases to beneficially own at least 7% of the total outstanding shares of the Issuer and (e) certain voting commitments in support of recommendations of the Issuer Board.

At the Annual General Meeting of Shareholders of the Issuer held on May 15, 2025, shareholders of the Issuer elected Christopher Mahoney and Markus Walt, both of whom were nominated by Danelo, to serve as directors on the Issuer Board for a term extending from the Closing Date until completion of the 2026 annual general meeting, subject to and contingent upon the closing. Both Messrs. Mahoney and Walt were appointed to the Issuer Board on the Closing Date, and these individuals may have influence over the corporate activities of the Issuer, including activities which may relate to items described in paragraphs (a) through (j) of Item 4 of Schedule 13D. Certain plans or proposals may from time to time be discussed or considered by the directors of the Issuer, in their fiduciary capacity as directors of the Issuer.

The Reporting Persons reserve the right to change their plans and intentions with respect to the Issuer at any time, as they deem appropriate.

The foregoing description of the Shareholder's Agreement does not purport to describe all the terms and provisions thereof and is qualified in its entirety by reference to the full text of that document, a copy of which is included as Exhibit 99.4 to this Schedule 13D and is incorporated herein by reference.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information set forth or incorporated by reference in Items 2, 3, 4 and 6 of this Schedule 13D is incorporated by reference in this Item 5.

The responses of the Reporting Persons to Rows (7) through (13) of the cover pages of this Schedule 13D, as of July 2, 2025, are incorporated herein by reference. As of July 2, 2025, the Reporting Persons beneficially owned an aggregate of 32,806,103 Registered Shares, which represents approximately 16.4% of the outstanding Registered Shares. This percentage was calculated based on 200,042,383 Registered Shares outstanding as of as of July 2, 2025 (as disclosed to the Reporting Persons by the Issuer).

**(b)**
The information set forth in Item 5(a) of this Schedule 13D is hereby incorporated herein by reference.

**(c)**
Except as set forth in this Schedule 13D, none of the Reporting Persons nor, to the Reporting Persons' knowledge, any of the Schedule I Persons, has effected any transaction during the past 60 days in any Registered Shares.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Items 2, 3 and 4 of this Schedule 13D is hereby incorporated by reference into this Item 6.

On the Closing Date and as contemplated by the Business Combination Agreement, the Issuer entered into a registration rights agreement with Danelo and certain other holders (the "Registration Rights Agreement"), which agreement (i) requires the Issuer to file a registration statement with the Securities and Exchange Commission registering for resale the 32,806,103 Registered Shares held by Danelo and to conduct certain underwritten offerings or facilitate certain block trade transactions upon the request of Danelo and (ii) provides Danelo with certain usual and customary "demand" and "piggyback" registration rights with respect to the 32,806,103 Registered Shares it holds. The Registration Rights Agreement will terminate on the earlier of (i) the seven year anniversary of the Closing Date and (ii) with respect to Danelo, on the date that Danelo no longer holds any Registrable Securities (as defined in the Registration Rights Agreement).

The foregoing description of the Registration Rights Agreement does not purport to describe all the terms and provisions thereof and is qualified in its entirety by reference to the full text of that document, a copy of which is included as exhibit 99.5 to this Schedule 13D and is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Glencore plc

**Signature:** /s/ John Burton

**Name/Title:** John Burton/Company Secretary

**Date:** 07/07/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Glencore International AG

**Signature:** /s/ John Burton

**Name/Title:** John Burton/Director

**Date:** 07/07/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Danelo Limited

**Signature:** /s/ John Burton

**Name/Title:** John Burton/Authorized Signatory

**Date:** 07/07/2025