Viterra Archives - Page 2 of 10

Viterra’s Coulter Avenue elevator in Winnipeg on Jan. 22.

Editor’s Rant: Canadian graffiti

The government's conditions for a Bunge/Viterra marriage left much to be desired

By Dave Bedard February 11, 2025

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

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

By Glen Hallick - MarketsFarm January 17, 2025

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.

Viterra’s elevator north of Forrest in western Manitoba. PHOTO: ALEXIS STOCKFORD

News

Stakeholders react to Bunge-Viterra merger approval

By Zak McLachlan January 15, 2025

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.

News, Reuters

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.

GFM Network News

U.S. livestock: Cattle futures slide under pressure from weak cash prices

ICE Canada Weekly: Canola likely to remain rangebound

U.S. grains: Soybean futures ease from 17-month peak as traders gauge China buying pace

Tag Archives Viterra

Editor’s Rant: Canadian graffiti

Bunge-Viterra deal ‘effectively ends competition’ says NFU

Stakeholders react to Bunge-Viterra merger approval

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

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