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.
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Bunge-Viterra deal ‘effectively ends competition’ says NFU
Feds’ conditions not near enough to alleviate concerns
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.
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.
Bunge, Viterra $34 bln deal heading for conditional EU nod, source says
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.
Bunge offers to sell Viterra’s oilseeds facilities in Poland, Hungary, source says
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.
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.
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.