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Viterra

All articles tagged with #viterra

business2 years ago

Bunge and Viterra merge to create agri-trading powerhouse worth billions.

Bunge and Viterra are merging to create a $34 billion agricultural trading giant, bringing Bunge closer in global scale to leading rivals Archer-Daniels-Midland and Cargill. The deal will likely draw close regulatory scrutiny. Viterra shareholders will get about 65.6 million shares of Bunge stock, carrying a value of about $6.2 billion, and about $2 billion in cash. Bunge will also assume $9.8 billion of Viterra's debt. The merger is expected to generate about $250 million of annual gross pre-tax operational synergies within three years.

business2 years ago

Bunge and Viterra merge to create $34 billion agri-trading powerhouse.

Bunge and Viterra have announced an $18 billion merger, creating one of the world's largest agriculture trading firms. The combined entity will be worth $34 billion and will be examined closely by antitrust regulators. The deal brings Bunge closer in global scale to leading rivals Archer-Daniels-Midland and Cargill. Bunge is already the world's largest oilseed processor and analysts said it and Viterra's crushing businesses could face regulatory scrutiny in Canada and Argentina.