The European Commission said on Thursday that it had cleared the $34 billion merger deal between Bunge and the Glencore-backed company Viterra.
Tag Archives Bunge
EU clears Bunge and Viterra’s $34 billion merger deal
Bunge, Viterra $34 bln deal heading for conditional EU nod, source says
U.S. grains merchant Bunge and Glencore-backed Viterra's $34 billion merger deal is heading towards conditional EU antitrust approval, a person with direct knowledge of the matter said on Wednesday.
Bunge offers to sell Viterra’s oilseeds facilities in Poland, Hungary, source says
U.S. grains merchant Bunge has offered to sell Viterra's crush and refining plants for oilseeds in Hungary and Poland in order to secure EU antitrust approval for the $34 billion merger, a person close to the deal said on Tuesday.
Bunge, Viterra offer to sell assets in two EU countries, sources say
U.S. grains merchant Bunge and Glencore-backed Viterra have offered concessions aimed at winning EU antitrust approval for their $34 billion merger, the European Commission website showed on Friday.
EU regulators to decide on Bunge and Viterra merger by July 18
U.S. grains merchant Bunge BG. and Glencore-backed Viterra's plan to create a $34 billion agricultural trading giant will be decided by EU antitrust regulators by July 18, a European Commission filing showed on Monday.
Editorial: Grain business consolidation and concentration
Press releases are often notable because of what they don’t say. Then again, sometimes they unintentionally speak volumes. For example, consider the official statements coming from the Glencore team related to their role in the continuing consolidation and concentration of the grain handling business in Canada. In 2012, when Glencore announced it was acquiring Viterra,
Brazil floods hit food silos, disrupt routes to major grains port
Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.
Reports raise alarm over Bunge-Viterra merger
Competition Bureau, ag economists warn of significantly reduced competition, more costs to farmers
Glacier FarmMedia – Bunge and Viterra said in late April that they still expect to proceed with their proposed merger, even after a Competition Bureau review identified major concerns about reduced competition. A report from three University of Saskatchewan agricultural economists, prepared on behalf of four Saskatchewan and Alberta farm groups, reached the same conclusion. It was released April 29. The Agricultural Producers of Saskatchewan was among those groups. “We are particularly concerned
Prairie groups raise concerns about proposed Bunge-Viterra merger
Concentration of services at the Port of Vancouver, consolidation of crush capacity could cost producers billions, report says
A group of Prairie producer groups say the proposed merger between Bunge and Viterra is likely to cause substantial economic harm to farmers.
Canada’s worries about Bunge-Viterra deal may force asset sales
Regulators in 13 jurisdictions, including the U.S., EU, have not yet approved the deal
Canada's competition concerns about U.S. agribusiness Bunge's planned takeover of rival Viterra sets the stage for the companies to sell some assets to close the deal, experts said.
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