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.
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Bunge offers to sell Viterra’s oilseeds facilities in Poland, Hungary, source says
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.
What’s happening with your shares in G3?
How your stake in the equity trust set up for Prairie farmers sits today
Glacier FarmMedia — An owner of G3 Canada it may be, but Farmers Equity Trust won’t be a suitor for Bunge’s separate ownership stake in G3, if Ottawa decides to require a sale as part of its review of Bunge’s proposed takeover of Viterra. “The trust has no cash resources to invest that way, and […] Read more
Would Bunge have to get out of G3?
Good question. While we don’t yet have an answer, the federal Competition Bureau’s recent language suggests Bunge’s continued part-ownership of G3 would be a regulatory sore spot in a merger with Viterra. The basic background: U.S.-based Bunge, the “B” in the “ABCD” group of companies that handle the bulk of global grain trade, last June […] Read more
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.
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.
Competition bureau has major concerns about proposed Bunge-Viterra merger
The Competition Bureau on Tuesday said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra.
Louis Dreyfus withstands commodity price drop to post stable profits
While less chaotic than 2022, war and weather continued to disrupt supply last year
Louis Dreyfus Company's (LDC) profits last year held close to the bumper levels of 2022, with the agricultural commodity giant saying its global trading network helped it withstand falling prices.
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