News Formal

Review of US$8.2-billion agriculture merger between Viterra and Bunge draws opposition from Competition Bureau

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 92%

Viterra ニュース

Canada,Bureau,Bunge

Commissioner cites ‘substantial anti-competitive effects’ in Canada, and the report will be considered by the federal Transport Minister in review

A Viterra grain elevator outside of Indus, Alta. on April 23. Canada’s Competition Bureau has come out against the proposed US$8.2-billion merger between the agriculture division of Glencore PLC, which includes Viterra, and Bunge Ltd., citing 'substantial anti-competitive effects' in Canada.

Glencore has a 49.9-per-cent stake in Viterra after selling large positions to pension funds Canada Pension Plan Investment Board and British Columbia Investment Management Corp. in 2016 because it needed to repay debt.and is supporting the sale. CPPIB will receive a 12-per-cent stake in the combined company as well as US$800-million in cash.

However, the bureau said in its report that the deal would combine “the company with the most oilseed crushing facilities and the company with the most primary grain elevators in Western Canada.” As for G3, which was created in 2015 to develop new grain handling and export infrastructure in Canada, the Competition Bureau noted its parent company is joint-owned by Saudi Agricultural and Livestock Investment Co. and Bunge. If the Viterra deal is completed, Bunge will be able to materially influence G3 because of access to confidential information, the bureau said.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 5. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Canadian competition bureau has major concerns about proposed Bunge-Viterra mergerCanada's Competition Bureau on Tuesday said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and...
ソース: YahooFinanceCA - 🏆 47. / 63 続きを読む »

Bunge's proposed acquisition of Viterra draws Competition Bureau concernsU.S. agribusiness Bunge Ltd.’s proposed takeover of Viterra Ltd. was meant to create a global agriculture giant, but the deal is drawing concerns from the Canadian Competition Bureau.
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »

Bunge and Viterra sign merger agreement to create global agribusiness giantA US$8.2-billion merger between U.S. company Bunge Ltd. and Viterra Ltd. will create a global agricultural giant in an industry that has already seen a significant amount of consolidation in recent years.
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »