BRUSSELS, Belgium (Reuters) —Bunge and Viterra’s US$34 billion merger deal is heading toward conditional European Union antitrust approval, a person with direct knowledge of the matter said July 24.
The companies announced the deal a year ago.
Earlier this month they offered to sell Viterra’s crush and refining plants for oilseeds in Hungary and Poland to allay EU competition concerns.
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They will now tweak these offered remedies in return for the European Commission’s approval and following feedback from market participants, the person said.
The commission is scheduled to decide on the deal by Aug. 1.
The deal, which has been given a green light in Brazil, faces regulatory headwinds and farm groups’ concerns in Canada.
