Press Release

Geneva, May 18th 2021
Covantis Transformational Blockchain Platform expands its network

Earlier in the year Covantis SA announced the launch of its transformational Blockchain platform for post-trade agri commodities execution. Today the company is pleased to announce the expansion of its network of participating companies which now includes 18 companies – major importers and exporters of agricultural commodities such as ADM, ALZ, Amaggi, Bunge, Cargill, CHS, Coamo, COFCO, C&D, Enerfo, Gavilon, Louis Dreyfus Company, Marubeni, Nova Agri, Olam International, Viterra and Zen-Noh Grain. This expansion enables majority of the exported bulk cargoes of corn and soybeans to be executed in one platform, thus optimising the execution process by more efficiently connecting the market participants. Covantis network has now over 500 users and 50 legal entities from all over the world. 

The platform’s initial scope covers the shipment and execution of bulk commodities such as corn and soybeans from Brazil to any worldwide destination. Covantis will continue to invest in building new capabilities that increase value for its clients from origin to destination, thus creating a global network for efficient execution of bulk commodities.
Interested parties can learn more about the initiative by visiting www.covantis.io

Media contact

Covantis SA

Sorin Albeanu

info@covantis.io

About Covantis

Covantis is a technology company focused on digitizing international trade. We’re committed to making global trade simple, secure, and efficient, and we aim to bring efficiencies and cost savings to companies throughout the international supply chain.

Learn more about the initiative

Note on Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of U.S. federal securities laws, including statements regarding the anticipated development, success and benefits of the proposed digital platform. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will" and "expect" and similar statements. Forward-looking statements are not historical facts and involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward-looking statement, including in this case the risk that the platform may not be successful or fully achieve the objectives of the participants. Further information regarding risks associated with forward-looking statements is included in Bunge SA's and Archer Daniels Midland Company's filings with the U.S. Securities and Exchange Commission. All statements herein are made as of the date of this press release, and the participants undertake no obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise, except as required under applicable law.

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