Bunge, the American agribusiness and food company, has completed the previously announced move of the place of incorporation of its group holding company to Switzerland from Bermuda.

With the re-domestication effective, Bunge's group holding company is now a Swiss corporation, Bunge Global SA.

The organisation has a registered office in Geneva, and corporate headquarters in St Louis, Missouri.

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 said.

The company announced last December that its board of directors had unanimously approved moving its place of incorporation from Bermuda to Switzerland.

Bunge said it had 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 re-domesticate, the company said, because it allowed Bunge to align its corporate legal structure with its commercial operations, was more centrally located within its major markets and was home to many global companies.

In addition, Bunge said it has had substantial operations in Switzerland for more than two decades.

Bunge has almost 23,000 employees working across approximately 300 facilities in more than 40 countries.