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.
Tag Archives Viterra
Bunge receives China regulatory approval for Viterra deal
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.
Bunge-Viterra merger conditions fall short: industry
Farm groups continue to flag concerns over dwindling grain industry competition, which they say the merger of Bunge and Viterra will make worse
Ottawa’s approval of the Bunge-Viterra merger has drawn fire from numerous farm groups, who are worried about the impact on competition in the grain sector.
Bunge-Viterra deal ‘effectively ends competition’ says NFU
Feds’ conditions not near enough to alleviate concerns
The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.
Stakeholders react to Bunge-Viterra merger approval
Following the federal approval of Bunge’s acquisition of Viterra on Tuesday, Jan. 14, stakeholders made their voices heard in a wave of reactions to the controversial merger.
Canada clears $34 billion Bunge-Viterra merger with conditions
Canada on Tuesday approved with conditions U.S. grains merchant Bunge's $34 billion (C$48.7 billion) merger with Glencore-backed Viterra, clearing one of the final remaining obstacles for a global agriculture tie-up that is unprecedented in dollar value.
Bunge-Viterra deal highlights need for new approach to merger reviews
The size and scope of global firms renders competition oversight all but meaningless
If the acquisition is allowed, Bunge will become the world’s largest agricultural commodity trader. Selling off a few businesses in Eastern Europe will not stop it from using its massive footprint to influence markets, prices and production to advance its own interests at the expense of farmers, consumers and workers, no matter what country it operates in.
EU clears Bunge and Viterra’s $34 billion merger deal
The European Commission said on Thursday that it had cleared the $34 billion merger deal between Bunge and the Glencore-backed company Viterra.
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.
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