June 10 (Reuters) -
U.S. grains merchant Bunge is close to getting a
ruling from Chinese regulators on its $8.2 billion purchase of
Glencore ( GLCNF )-backed Viterra with a verdict expected within
days, Bloomberg News reported on Wednesday.
The merger, first announced in 2023, would create a
global crop trading and processing giant closer in scale to
chief rivals Archer-Daniels-Midland ( ADM ) and Cargill.
Regulatory approval in China remains among the last
remaining hurdles to the deal's closing.
Bunge and Viterra said in two separate, similarly worded
statements to Reuters that the companies were in the final stage
of regulatory approval and thanked Chinese officials for
"constructive dialogue throughout the review process."
China's commerce ministry did not immediately respond to
a Reuters request for comment.
The deal has secured most global approvals required for
the merger, including from the EU and Canada.
The completion deadline, originally scheduled for
mid-2024, has been
extended multiple times
, with the current date set for June 13.