Bunge Global SA’s planned US$8.2 billion buyout of Viterra Inc. is set to be approved by the European Union after concessions offered by the firms look to have appeased regulator concerns.
Greg Porth harvests soybeans on October 2, 2013 near Worthington, Minnesota. --
Last month, the European Commission’s merger enforcers opened a preliminary investigation into the deal, and raised concerns over how the deal could impact competition in Poland and Hungary. Bunge offered commitments in response to the EU concerns, including divestments of all of Viterra’s crush and refining capabilities for certain oilseeds in the two countries.
An EU spokesperson declined to comment, as did Bunge representatives. Viterra didn’t immediately respond to requests for comment. Bunge’s planned Viterra deal has faced mixed reactions from global regulators. In April, Canada’s antitrust watchdog said the deal would cause substantial harm to competition because of Bunge’s ownership stake in a competing network of western Canadian grain elevators.
Business Chemicals Markets Company News Europe Government Industry Legal North America World Top World
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bunge’s $8 Billion Deal for Viterra Faces Risk of Delays(Bloomberg) -- Bunge Global SA’s $8 billion deal to acquire Glencore Plc-backed Viterra is facing the risk of delays as countries including Canada, China and...
Read more »
Bunge offers to sell Viterra's oilseeds facilities in Poland, Hungary, source saysU.S. grains merchant Bunge has offered to sell Glencore-backed Viterra's crush and refining plants for oilseeds in Hungary and Poland in order to secure EU...
Read more »
Grain Growers of Canada raises concerns about proposed Bunge-Viterra merger as feds prepare to make decision on deal&8220;Our position right now is really for the government to really take a thorough review here, because I think there are major concerns,&8221; said Kyle Larkin, executive director of the GGC.
Read more »
Oilers sign winger Arvidsson to two-year contract, extend Perry, BrownEDMONTON — The Edmonton Oilers signed forward Viktor Arvidsson to a two-year, US$8-million contract and gave forwards Corey Perry and Connor Brown one-year extensions among multiple moves the club made Monday.
Read more »
Oilers sign winger Arvidsson to two-year contract, extend Perry, BrownEDMONTON — The Edmonton Oilers signed forward Viktor Arvidsson to a two-year, US$8-million contract and gave forwards Corey Perry and Connor Brown one-year extensions among multiple moves the club made Monday.
Read more »
Oilers sign winger Arvidsson to two-year contract, extend Perry, BrownEDMONTON — The Edmonton Oilers signed forward Viktor Arvidsson to a two-year, US$8-million contract and gave forwards Corey Perry and Connor Brown one-year extensions among multiple moves the club made Monday.
Read more »