Viterra Archives - Page 2 of 9

Canada clears $34 billion Bunge-Viterra merger with conditions

By Ismail Shakil, Reuters January 15, 2025

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.

Crops, News

Ottawa blesses Bunge’s Viterra takeover, with conditions

Merged firm must sell six elevators, keep distance from G3

By Dave Bedard January 15, 2025

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

News, Wheat & Chaff

Ted Allen, 1941-2024

By Dave Bedard November 2, 2024

A memorial service is expected to be held in the late spring or early summer of the new year for Ted Allen, who passed away Sept. 9 at age 83. Longtime readers of Grainews will remember Ted as the last president and chair of United Grain Growers (UGG), a position he held from 1990 until […] Read more

News, Reuters

EU clears Bunge and Viterra’s $34 billion merger deal

By Reuters August 1, 2024

The European Commission said on Thursday that it had cleared the $34 billion merger deal between Bunge and the Glencore-backed company Viterra.

News, Reuters

Bunge, Viterra $34 bln deal heading for conditional EU nod, source says

By Foo Yun Chee, Reuters July 24, 2024

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.

News, Reuters

Bunge offers to sell Viterra’s oilseeds facilities in Poland, Hungary, source says

By Foo Yun Chee, Reuters July 16, 2024

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.

News, Reuters

Bunge, Viterra offer to sell assets in two EU countries, sources say

By Reuters July 12, 2024

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.

News, Reuters

EU regulators to decide on Bunge and Viterra merger by July 18

By Foo Yun Chee, Reuters June 17, 2024

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.

G3 Canada today operates 24 elevators and grain terminals across Canada. Its majority owner, G3 Global Holdings, also owns G3's export terminal at Vancouver in partnership with Western Stevedoring Co.

Crops, Features, Markets

What’s happening with your shares in G3?

How your stake in the equity trust set up for Prairie farmers sits today

By Sean Pratt June 11, 2024

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

Crops, Markets

Would Bunge have to get out of G3?

By Dave Bedard June 10, 2024

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

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

GFM Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Tag Archives Viterra

Canada clears $34 billion Bunge-Viterra merger with conditions

Ottawa blesses Bunge’s Viterra takeover, with conditions

Ted Allen, 1941-2024

EU clears Bunge and Viterra’s $34 billion merger deal

Bunge, Viterra $34 bln deal heading for conditional EU nod, source says

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

EU regulators to decide on Bunge and Viterra merger by July 18

What’s happening with your shares in G3?

Would Bunge have to get out of G3?

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