Canada’s transport minister says Bunge’s US$8.1 billion deal to acquire Viterra will face additional scrutiny to ensure fair competition at Canadian ports. In addition to the ongoing review by Canada’s Competition Bureau, Transport Minister Pablo Rodriguez announced the proposed acquisition will be subject to a public interest assessment under the federal Transportation Act. “Given this… Read More
Tag: Bunge
Consolidation is a fact of life in the agricultural industry, and there have been waves of it over time. In 2023, one of the biggest potential mergers has been the combination of Bunge and Viterra, which will have impacts on the grain procurement, handling, and processing sectors. Of course, another major stakeholder potentially impacted are… Read More
There has been a tremendous amount of fanfare and anticipation regarding the intended expansion of canola crushing capacity on the Canadian Prairies, driven mainly by expected demand for renewable diesel across North America. Companies such as Cargill, Richardson, Federated Co-op, Viterra, Bunge, and Ceres Global Ag have all jumped into the fray, announcing hundreds of… Read More
Bunge’s acquisition of Viterra is expected to require regulatory clearance in at least 29 countries, according to documents filed by the company with the U.S. Securities and Exchange Commission (SEC) last week. The 547-page preliminary proxy statement includes new details on how the deal was reached, and how Bunge expects it will proceed. The list… Read More
The official announcement this week of a deal to merge Bunge and Viterra raises a series of questions about how farmers, customers, and both companies’ operations will be affected by the marriage of the two global agribusinesses under the Bunge name. When it comes to the Canadian market, farmers and politicians are voicing concerns about… Read More
Bunge and Viterra have reached an agreement that would see the two global agribusinesses unite under the Bunge name. Bunge and Glencore — which owns 50 per cent of Viterra — announced the cash and stock transaction early Tuesday (June 13.) The deal values Viterra at approximately US$8.1 billion, and would see Glencore receive approximately… Read More
While the Competition Bureau won’t speculate or comment on a hypothetical transaction, such as the purchase of grain company Viterra by grain giant Bunge, it’s hard to imagine a scenario where the Bureau would not eventually be involved in ruling on the deal. Under the Competition Act, transactions of all sizes are subject to review… Read More
American grain giant Bunge and Viterra, owned by Switzerland’s Glencore, are reportedly in talks to become one super grain company. In a reversal of a few years ago, this time it appears it is Bunge setting out to take on Viterra to create a company that would have extensive assets in nearly every grain type… Read More
Corteva, Bunge, and Chevron have partnered on a commercial collaboration to introduce proprietary winter canola hybrids for the U.S. market. The collaboration is focused increasing the availability of vegetable oil feedstocks primarily for the growing domestic renewable fuels market. “We’re pleased to work with Bunge and Chevron to bring a new option in the southern U.S…. Read More
Bunge Limited is investing C$30 million in a plant-based protein production facility that’s under construction in Winnipeg, Manitoba. The multinational agribusiness is acquiring a minority stake in Merit Functional Foods, which is slated to begin producing novel pea and canola protein ingredients for human consumption at its new plant by December of this year. “We’re… Read More