Reported 1 day ago
Bunge Global SA has obtained the final regulatory approval from China for its $34 billion merger with Viterra, allowing the deal, first announced two years ago, to proceed. The merger, expected to close around July 2, 2025, will bolster Bunge's position in the global agriculture industry, bringing it closer in scale to major competitors like Archer-Daniels-Midland and Cargill. This approval follows prior conditional approvals from Canada, the EU, and other markets, despite earlier concerns about competition. The merger is anticipated to enhance Bunge's grain exporting and oilseed processing capabilities.
Source: YAHOO