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China's market regulator has granted conditional approval for global agribusiness Bunge Global SA's merger with ...
Bunge (NYSE:BG) +5% in Friday's trading after saying it received regulatory approval from China for its acquisition of grain handler Viterra, removing the last major hurdle to the deal's conclusion, ...
Bunge Global said it has received regulatory approval from China for its merger with Glencore-backed grain handler Viterra.
U.S. grain trader and oilseed processor Bunge BG1.23%increase; green up pointing triangle agreed to acquire Glencore GLEN 0.85%increase; green up pointing triangle-backed Viterra in an $8.2 ...
US agribusiness Bunge Ltd. agreed to buy Glencore Plc-backed Viterra for $8.2 billion in stock and cash, creating a trading giant capable of competing with the world’s biggest agricultural ...
Under the terms of the deal, Bunge will pay Viterra shareholders about 65.6 million shares valued at $6.2 billion and about $2 billion in cash. Bunge will also assume $9.8 billion of Viterra’s debt.
Acquiring Viterra would bring Bunge's revenue, which was $67.2 billion in 2022, more in line with that of ADM, which registered sales of nearly $102 billion last year.
Viterra deal conclusion may be delayed into 2025, Bunge says. Waits for government approvals in key markets including Canada and China. Author of the article: Bloomberg News. Gerson Freitas Jr. and ...
Bunge is buying Viterra in a deal that is worth approximately $18 billion. Approximately 65.6 million shares of Bunge stock will be issued to Viterra shareholders.
Viterra, formerly known as Glencore Agriculture, made the headlines in 2017 for a failed takeover approach to Bunge, one of the giant names of global grain trading, then valued at $11 billion.
Global grain trader Viterra's management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian ...
The two biggest western shippers of Russian grain, Cargill Inc. and Viterra, will halt purchases for export in a shift that will give local firms more control over shipments.
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