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.
Tag Archives Viterra
Bunge, Viterra offer to sell assets in two EU countries, sources say
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
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.
Canola Council of Canada elects Ritter chair
Two director seats change hands at CCC AGM
Tessa Ritter, who is stakeholder relations manager with Viterra, has been elected chair of the Canola Council of Canada's board of directors.
GSU accepts Viterra offer
Wages see a slight improvement but union says they hope to build on it in next contract
Members of the Grain and General Services Union who work for Viterra have voted to accept the company's latest contract offer.
Viterra workers suspend strike to vote on new offer
Workers will be working to rule during the voting period
Today, Grain and General Services Union workers employed by Viterra in Saskatchewan said they will vote on the grain handling company's latest final offer over the next two weeks. Locals 1 and 2, representing country operations and head office staff, respectively, were set to walk out at 2 p.m. today if a deal had not been reached.
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