Bunge shareholders approve merger with Viterra, closing expected in mid-2024

📆 10/5/2023 9:50 PM
📰 YahooFinanceCA

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Shareholders of global grains merchant and oilseeds processor Bunge approved the company's acquisition of Glencore-backed Viterra during a shareholder meeting on Thursday, Bunge said in a statement. The shareholders' approval brings Bunge closer to wrapping up the deal that is unprecedented in size in the global agricultural sector and will create an agribusiness giant nearer in global scale to rivals Archer-Daniels-Midland and Cargill. 'We appreciate our shareholders' vote of confidence in our strategy ... Our team is focused on effectively running our operations while also planning for a successful integration,' Bunge CEO Greg Heckman said in statement.

- Shareholders of global grains merchant and oilseeds processor Bunge approved the company's acquisition of Glencore-backed Viterra during a shareholder meeting on Thursday, Bunge said in a statement.

The shareholders' approval brings Bunge closer to wrapping up the deal that is unprecedented in size in the global agricultural sector and will create an agribusiness giant nearer in global scale to rivals Archer-Daniels-Midland and Cargill. Bunge shareholders on Thursday also approved the issuance of 65,611,831 common shares and a move of Bunge's incorporation to Switzerland from Bermuda.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bunge shareholders approve merger with Viterra, closing expected in mid\u002D2024Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »