Bunge Clears Way for $8.2 Billion Viterra Deal With China Nod

elciudadanoweb.com

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Approved, so the Chinese authorities said to the merger between the multinational agro-industry Bunge and Viterra, until now its rival. Regulatory approval in China constituted one of the last obstacles to the conclusion of the agreement. The company “has received regulatory approval from China for the acquisition of the grain processing company Viterra and hopes to close the agreement of US$34 billion around July 2,”, Bunge reported in a statem…

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China approved the purchase of Viterra by Bunge, thus completing one of the last steps for the total acquisition of the grain company. The process that will now leave a giant in the world grain market began two years ago, when the intention to buy was announced. At this time, obstacles were overcome and the merger was approved in Canada and the European Union, among others, by their respective regulators. With the recent approval of China, the c…