Louis Dreyfus Company has acquired grains and oilseeds processing, storage and trading activities in Hungary and Poland from rival agricultural commodity merchant Bunge Global, fulfilling conditions Bunge needed to meet to get approval of its merger with Viterra.
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Louis Dreyfus buys oilseed assets from Bunge in Poland and Hungary
Glencore says long-term strategy may involve sale of Bunge stake
Miner and trader Glencore said on Wednesday that its long-term strategy could involve the sale of its 16.4 per cent stake in enlarged global agribusiness Bunge Global some time in the future.
Viterra-Bunge merger a done deal, companies confirm
US$34 billion deal raised concerns about the effects of industry consolidation
Bunge's merger with Glencore-backed Viterra has closed, Glencore confirmed on Wednesday.
Bunge-Viterra merger clears final hurdle with China’s conditional approval
China's market regulator has granted conditional approval for global agribusiness Bunge Global's merger with Glencore-backed grain handler Viterra, it said on Monday, clearing the final hurdle for the $34 billion mega-deal announced two years ago.
Bunge receives China regulatory approval for Viterra deal
Global agribusiness Bunge Global has received regulatory approval from China for its acquisition of grain handler Viterra and expects to close the $34 billion deal "on or around July 2," the company said in a statement on Friday.
Bunge nears China ruling for $8.2 billion Viterra merger, Bloomberg News reports
U.S. grains merchant Bunge is close to getting a ruling from Chinese regulators on its $8.2 billion (C$11.2 billion) purchase of Glencore-backed Viterra with a verdict expected within days, Bloomberg News reported on Wednesday.
Bunge’s merger with Viterra stalled by US-China trade tensions, Bloomberg reports
Bunge Global's $34 billion merger with Glencore-backed Viterra is being stalled by trade tensions between the U.S. and China, Bloomberg News reported on Friday, citing people familiar with the matter.
Bunge-Viterra deal ‘effectively ends competition’ says NFU
Feds’ conditions not near enough to alleviate concerns
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.
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.
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