BRUSSELS – On Thursday, the European Commission said it had cleared the $34 billion merger deal between Bunge (NYSE: BG) and the Glencore-backed company Viterra.
“The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Viterra Limited by Bunge Global S.A. The approval is conditional upon full compliance with the commitments offered by the parties,” it said.
The companies announced the deal to create one of the world’s largest agriculture trading firms a year ago, to compete more strongly with market leaders Archer-Daniels-Midland (NYSE: ADM) and Cargill.
(Source: ReutersReuters)
Zabih Ullah is a seasoned finance writer with more than ten years of experience. He is highly skilled at analyzing market trends, decoding economic data, and providing insightful commentary on various financial topics. Driven by his curiosity, Zabih stays updated with the latest developments in the finance industry, ensuring that his readers receive timely and relevant news and analysis. Read Full Bio
