OTTAWA - Canada's 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.
It also determined that the transaction was to likely to harm competition in markets for grain purchasing in Western Canada, as well as for the sale of canola oil in Eastern Canada. The deal would bring the combined company closer in scale to leading rivals Archer-Daniels-Midland and Cargill.
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