EU approves merger of Bunge and Viterra

The European Commission said on Thursday it had approved a $34 billion deal to merge Bunge and Viterra, Reuters reports.

“The European Commission has approved, in accordance with the EU Merger Regulation, the proposed acquisition of Viterra Limited by Bunge Global S.A. The approval is subject to full compliance with the undertakings proposed by the parties,” the statement said.

A year ago, the companies announced an agreement to create one of the world’s largest agricultural trading companies to compete more strongly with market leaders ADM and Cargill.

As a reminder, in June 2023, Bunge and Viterra signed a definitive merger agreement, thus creating a giant agricultural trading company worth about $34 billion.

Tags: Bunge, Viterra, EU