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

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Bunge’s Viterra acquisition would make the world’s largest oilseed processor more dominant as it aims to capitalize on soaring demand for vegetable oils to produce biofuels

The buyout is being closely scrutinized by regulators concerned about how consolidation would impact the agriculture sector.

Canada’s minister of transport said last week the Canadian government is reviewing the deal.Market data values update automatically. Checking box will enable automatic data updates.

 

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Bunge shareholders approve merger with Viterra, closing expected in mid-2024Shareholders 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.
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Bunge shareholders approve merger with Viterra, closing expected in mid\u002D2024Explore stories from Atlantic Canada.
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