BRUSSELS, Aug 1 Reuters – The European Commission cleared the US$34 billion merger deal between Bunge BG.N and the Glencore-backed company Viterra.
“The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Viterra Limited by Bunge Global S.A. The approval is conditional upon full compliance with the commitments offered by the parties,” it said.
The companies announced the deal to create one of the world’s largest agriculture trading firms a year ago, in order to compete more strongly with market leaders Archer-Daniels-Midland and Cargill.
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