Canada's competition concerns about U.S. agribusiness Bunge's planned takeover of rival Viterra sets the stage for the companies to sell some assets to close the deal, experts said.
Canada’s worries about Bunge-Viterra deal may force asset sales
Regulators in 13 jurisdictions, including the U.S., EU, have not yet approved the deal
Competition bureau has major concerns about proposed Bunge-Viterra merger
The Competition Bureau on Tuesday said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra.
Canola Council of Canada elects Ritter chair
Two director seats change hands at CCC AGM
Tessa Ritter, who is stakeholder relations manager with Viterra, has been elected chair of the Canola Council of Canada's board of directors.
GSU accepts Viterra offer
Wages see a slight improvement but union says they hope to build on it in next contract
Members of the Grain and General Services Union who work for Viterra have voted to accept the company's latest contract offer.
Viterra workers suspend strike to vote on new offer
Workers will be working to rule during the voting period
Today, Grain and General Services Union workers employed by Viterra in Saskatchewan said they will vote on the grain handling company's latest final offer over the next two weeks. Locals 1 and 2, representing country operations and head office staff, respectively, were set to walk out at 2 p.m. today if a deal had not been reached.
Sask. union serves Viterra strike notice
Grain handling giant says its committed to negotiation, but has contingency plans in place
Yesterday, the union issued Viterra a 72-hour notice that they intend to strike as early as 2:00 pm on Jan. 5.
GSU members from Viterra Country Operations and Maintenance and Viterra's Regina head office have been negotiating for "fair wages, improved work-life balance, and workplace respect," for more than a year, the union said.
Bunge seeks antitrust approvals for Viterra merger in major jurisdictions
Commodities market competition healthy in Canada, U.S., CEO says
Minneapolis | Reuters — Bunge has filed for regulatory approvals for its merger with crop handler Viterra in “major jurisdictions” in North and South America, Europe and China, and has gotten the green light from some of its smaller markets including Colombia, CEO Greg Heckman said on Thursday. The merger, which would create a company […] Read more
Bunge shareholders bless Viterra wedding
Company still expects to close deal mid-2024
Shareholders in U.S. grain and agrifood giant Bunge have voted their advance approval of the company’s plans to take up one of Canada’s biggest grain industry players. Bunge on Thursday announced the results of an extraordinary general meeting of shareholders, in which they approved the acquisition of Viterra and a related issue of about 65.6 […] Read more
Transport Canada to review Bunge-Viterra marriage plans
Competition Bureau also to probe proposed deal
Canada’s federal transport department will conduct its own review of U.S. grain giant Bunge’s plans to buy and merge with Viterra — with an eye particularly on both companies’ stakes in Canadian port terminals. Transport Minister Pablo Rodriguez announced Tuesday that his department will review the deal under the mergers and acquisitions provisions of the […] Read more
Bunge, Viterra confirm marriage plans
Firms to merge under Bunge banner
The grain handler built out from the foundations of the former Prairie pools is set to be absorbed into one of the world’s biggest grain trading firms in a cash-and-stock deal. After the news leaked out last month, Rotterdam-based Viterra confirmed Tuesday morning it’s “concluded an agreement” to merge into Bunge — the St. Louis-based […] Read more
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