Louis Dreyfus Company has acquired grains and oilseeds processing, storage and trading activities in Hungary and Poland from rival agricultural commodity merchant Bunge Global, fulfilling conditions Bunge needed to meet to get approval of its merger with Viterra.
Tag Archives Viterra
Glencore appears to be readying agriculture industry exit
Company says it will likely sell its remaining share in Bunge now the Viterra merger is concluded
Glencore wants to exit the agriculture business. Neil Townsend believes that is because there’s a “profitability problem” in agriculture.
Glencore says long-term strategy may involve sale of Bunge stake
Miner and trader Glencore said on Wednesday that its long-term strategy could involve the sale of its 16.4 per cent stake in enlarged global agribusiness Bunge Global some time in the future.
Viterra-Bunge merger a done deal, companies confirm
US$34 billion deal raised concerns about the effects of industry consolidation
Bunge's merger with Glencore-backed Viterra has closed, Glencore confirmed on Wednesday.
Bunge-Viterra merger clears final hurdle with China’s conditional approval
China's market regulator has granted conditional approval for global agribusiness Bunge Global's merger with Glencore-backed grain handler Viterra, it said on Monday, clearing the final hurdle for the $34 billion mega-deal announced two years ago.
Bunge receives China regulatory approval for Viterra deal
Global agribusiness Bunge Global has received regulatory approval from China for its acquisition of grain handler Viterra and expects to close the $34 billion deal "on or around July 2," the company said in a statement on Friday.
Bunge nears China ruling for $8.2 billion Viterra merger, Bloomberg News reports
U.S. grains merchant Bunge is close to getting a ruling from Chinese regulators on its $8.2 billion (C$11.2 billion) purchase of Glencore-backed Viterra with a verdict expected within days, Bloomberg News reported on Wednesday.
Bunge’s merger with Viterra stalled by US-China trade tensions, Bloomberg reports
Bunge Global’s $34 billion merger with Glencore-backed Viterra is being stalled by trade tensions between the U.S. and China, Bloomberg News reported on Friday, citing people familiar with the matter.
Crushed dreams
Viterra’s planned canola processing facility in Regina is unlikely to go ahead
Viterra’s plan to build the world’s largest canola processing facility in Regina could be crushed, according to a new report.
Bunge-Viterra approval ignores farmers’ concerns
Prairie farmers must be bitterly disappointed in the news earlier this month that the federal government is approving Bunge’s acquisition of Viterra, despite their strong opposition to the deal. One can’t help but wonder what more they could have done to make Ottawa recognize their concerns. Sure, the usual conditions were put on the transaction, […] Read more
