Federal ministry’s study expected to focus on how Bunge’s proposed acquisition of Viterra would affect grain shippers
Transport Canada is reviewing the proposed acquisition of Viterra by Bunge in addition to a simultaneous review being conducted by the Competition Bureau. “In order to ensure that we have fair competition at Canada’s ports, the Government of Canada is launching a review of the proposed acquisition of grain handler Viterra Limited by Bunge Limited, […] Read moreTag Archives Bunge — page 4
Bunge earnings outlook up after strong quarter
(Reuters) — Bunge Ltd. has raised its full-year earnings outlook after improved processing margins helped the agri-trader post a second-quarter profit above Wall Street estimates. Bunge forecast full-year adjusted profit to be at least US$11.75 per share on an improving margin outlook, up from guidance of $11 a share previously and above the average analyst […] Read more
Feds should step up and buy Viterra
Just four companies known as the ABCD group control 90 percent of the world grain trade, and the B in this group is about to get much bigger. B is for Bunge, which has announced it is buying Viterra. The other ABCD companies are Archer Daniels Midland, Cargill and Louis Dreyfus. Viterra, a subsidiary of […] Read more
Bunge-Viterra deal needs appropriate bureau scrutiny
It is tempting to see Bunge’s recent acquisition of Viterra as the end of the farmer-owned grain co-operative era, but that era ended a long time ago. Saskatchewan Wheat Pool’s conversion from farmer-owned co-operative to publicly traded company in 1996 was the first step in that direction. The pool’s 2007 acquisition of Agricore United, itself […] Read more
Viterra-Bunge deal not a surprise for industry watchers
Former chief executive officer of UGG and Agricore United says consolidation is a decades-old trend in the grain industry
The merger of Viterra and Bunge is another step in a consolidation process that began decades ago, says a former grain industry executive. It began in 1998 when Alberta Wheat Pool and Manitoba Pool Elevators merged to form Agricore Cooperative Limited. That entity did not last long. In 2001, the struggling Agricore Cooperative merged with […] Read more
Viterra-Bunge deal not a surprise for industry watchers
Viterra and Bunge are merging operations in a deal where Viterra shareholders are receiving $6.2 billion worth of Bunge shares and $2 billion of cash.
Bunge’s acquisition of Viterra goes ahead
Viterra shareholders will own 30 percent of the combined company following the deal's expected close in mid-2024, and about 33 percent after completion of the repurchase plan.
Potential Bunge-Viterra merger creates unease
This would be the second attempt at a merger. The first occurred in 2017 when Glencore, the parent company of Viterra, offered to buy Bunge.
Bunge, Viterra merger would create global ag trading giant
Sources last week said Bunge and Glencore Plc-owned Viterra were in talks for a potential mega deal that would further consolidate global agriculture trading and bring Bunge closer in global scale to leading rivals Archer-Daniels-Midland Co. and Cargill Inc.
Bunge earnings take a hit
Supply disruptions because of the ongoing war in Ukraine and a severe drought in Argentina have dented earnings for the grains merchants.
