SASKATOON — Bunge is confident it will gain Canadian regulatory approval of its attempt to acquire Viterra. Most jurisdictions where the companies operate have already approved the US$34 billion deal. Canada is one of the last ones remaining. Related stories: “We continue to engage with the Government of Canada and expect to address questions and […] Read more
Tag Archives Greg Heckman
Bunge-Viterra merger concerns may force asset sales
WINNIPEG (Reuters) — Canada’s competition concerns about Bunge’s planned takeover of Viterra sets the stage for the companies to sell some assets to close the deal, experts say. Bunge chief executive officer Greg Heckman said remedies may be unnecessary. The Competition Bureau said earlier this week that it was worried about reduced competition to buy […] Read more
Bunge-Viterra merger worries competition bureau
UPDATED – April 24, 2024 – 0900 CST – OTTAWA (Reuters) — Canada’s Competition Bureau says it has found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global agriculture merger that is unprecedented in dollar value. The deal would create a company worth $34 billion, […] 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.
