financetom
Business
financetom
/
Business
/
Bunge nears China ruling for $8.2 billion Viterra merger, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bunge nears China ruling for $8.2 billion Viterra merger, Bloomberg News reports
Jun 11, 2025 9:54 PM

(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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved