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.
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Competition bureau has major concerns about proposed Bunge-Viterra merger
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.
Merit Foods pays off operating lender, no deal yet for plant
Plant-based protein processor in receivership since March
A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured […] Read more
Bunge seeks antitrust approvals for Viterra merger in major jurisdictions
Commodities market competition healthy in Canada, U.S., CEO says
Minneapolis | Reuters — Bunge has filed for regulatory approvals for its merger with crop handler Viterra in “major jurisdictions” in North and South America, Europe and China, and has […] Read more
Bunge shareholders bless Viterra wedding
Company still expects to close deal mid-2024
Shareholders in U.S. grain and agrifood giant Bunge have voted their advance approval of the company’s plans to take up one of Canada’s biggest grain industry players. Bunge on Thursday […] Read more
Transport Canada to review Bunge-Viterra marriage plans
Competition Bureau also to probe proposed deal
Canada’s federal transport department will conduct its own review of U.S. grain giant Bunge’s plans to buy and merge with Viterra — with an eye particularly on both companies’ stakes […] Read more
Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential
Canada's Competition Bureau pledges to review deal
Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, […] Read more
Bunge, Viterra confirm marriage plans
Firms to merge under Bunge banner
The grain handler built out from the foundations of the former Prairie pools is set to be absorbed into one of the world’s biggest grain trading firms in a cash-and-stock […] Read more
Bunge, Viterra merger would create global ag trading giant
Companies have some overlap in Canadian crushing
Reuters — A merger of U.S. grains merchant Bunge Ltd. with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns […] Read more
Viterra in talks to merge with Bunge, source says
Merger would vault Viterra into top tier of grain trade
Reuters — Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd., according to a person familiar with the matter, in a potential mega-deal that would […] Read more
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