Bunge's $8 billion deal to acquire Glencore-backed Viterra is facing delays as regulatory approvals from Canada, China, and the European Union are still pending. The acquisition, initially targeted for completion by mid-2024, is unlikely to meet this timeline. In a related move, U.S. grains merchant Bunge and Viterra have offered concessions to secure EU antitrust approval for their $34 billion merger. The concessions are aimed at addressing concerns raised by the European Commission, as detailed on the Commission's website. The news was reported by Reuters and involves the stock ticker $BG.
Bunge, Viterra offer concessions seeking EU approval for $34 bln merger https://t.co/mPZEE3sZ5s
Bunge, Viterra offer concessions aimed at winning EU approval for US$34-billion merger https://t.co/jSfBNpXIrx
$BG (+0.0% pre) Bunge, Viterra offer concessions seeking EU approval for $34 bln merger - Reuters https://t.co/OQmZ9HtH5S