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.
Tag Archives bunge
Bunge nears China ruling for $8.2 billion Viterra merger, Bloomberg News reports
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.
Editor’s Rant: Canadian graffiti
The government's conditions for a Bunge/Viterra marriage left much to be desired
I’ve got to admit, I’ve never fully understood the geometry behind federal regulators’ decisions on which assets a company has to sell in exchange for clearance on a big merger or takeover. There may well have been a solid reason why, after Husky sold off its retail gas stations in 2022, our neighbourhood wound up […] Read more
Bunge Q4 profit falls on weak crush margins, forecasts 2025 earnings drop
Trade tensions and biofuel uncertainty weigh on sector
U.S. crop commodities trader Bunge Global posted a larger-than-expected quarterly profit drop on Wednesday and warned that 2025 earnings could sink to the lowest in six years as trade tensions and biofuel policy uncertainty drag on the agricultural sector.
Barley, Canola, Cereals, Corn, Lentils, Markets, News, Oats, Peas, Pulses, Soybeans, Spring Wheat, Winter Wheat
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.
Ottawa blesses Bunge’s Viterra takeover, with conditions
Merged firm must sell six elevators, keep distance from G3
Canada’s federal government will allow the acquisition of major Canadian grain firm Viterra by one of the world’s biggest grain industry players, but not without conditions. Federal Transport Minister Anita Anand on Tuesday announced the government’s decision to approve Viterra’s acquisition by U.S.-based Bunge, the ‘B’ in the ‘ABCD’ group of the world’s most influential […] Read more
Bunge profit tops estimates on grain, oilseed volumes; 2024 outlook intact
Bunge exceeded Wall Street expectations for third-quarter profit on Wednesday as large global harvests provided the grain trader and processor enough volumes of soy, corn and other crops to blunt a hit from lower margins.
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.
Cyber-Savvy Farmer
