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Bunge finalizing $30-billion-plus merger with Viterra, sources say

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The deal, whose terms have not been previously reported, would come as Russia’s war in Ukraine has tested the security of supply in global food markets

the deal

Trade in staples such as wheat, corn and soybeans is already concentrated among Bunge and three other large players – Archer-Daniels-Midland Co, Cargill Inc and Louis Dreyfus Co. Collectively referred to as “ABCD,” they have been raking in hefty profits after the war in Ukraine disrupted shipments and sent crop prices skyrocketing.

Acquiring Viterra would bring Bunge revenue’s revenues – $67.2 billion in 2022 – in line with Archer-Daniels-Midland, which registered sales of nearly $102 billion last year. The deal would also buoy Bunge’s grain exporting and oilseed processing businesses.

 

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