News Formal

Viterra-Bunge merger plan backed by CPPIB and B.C. pension giant: reports

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

A merger between Glencore\u0027s Viterra and Bunge Ltd. has the support of two of Canada’s biggest pension funds, reports indicate. Read more here.

and British Columbia Investment Management Corp. are willing to swap their combined 49.98 per cent stake in Viterra for investments in the merged entity, said the person who asked not to be named discussing a private deal.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Glencore has flirted with the idea of a deal with Bunge on and off for years, and there’s no certainty it will be able to reach an agreement this time around. In 2017, the Swiss commodities giant approached Bunge about a friendly takeover, but was publicly rebuffed by the U.S. firm. Since then, Bunge has replaced its new chief executive officer and other senior executives.

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:

 /  🏆 10. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Canadian pension funds back Viterra-Bunge merger proposalSources say Canada Pension Plan Investment Board and British Columbia Investment Management Corp. would almost certainly swap their stakes for a stake in Bunge
Source: globeandmail - 🏆 5. / 92 Read more »

Potential Viterra merger with U.S. rival threatens Prairie head office jobsGlencore PLC is in talks to unite Viterra, its agricultural division, with Bunge to create a global business worth approximately US$25-billion
Source: globeandmail - 🏆 5. / 92 Read more »

Canadian pension funds back Viterra-Bunge merger proposalSources say Canada Pension Plan Investment Board and British Columbia Investment Management Corp. would almost certainly swap their stakes for a stake in Bunge
Source: globeandmail - 🏆 5. / 92 Read more »

Potential Viterra merger with U.S. rival threatens Prairie head office jobsGlencore PLC is in talks to unite Viterra, its agricultural division, with Bunge to create a global business worth approximately US$25-billion
Source: globeandmail - 🏆 5. / 92 Read more »