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

📆 05/10/2023 04:50 p. m.
📰 YahooFinanceCA

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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.

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