BRUSSELS, July 16 (Reuters) - U.S. grains merchant Bunge
has offered to sell Glencore ( GLCNF )-backed Viterra's
crush and refining plants for oilseeds in Hungary and Poland in
order to secure EU antitrust approval for the $34 billion
merger, a person close to the deal said on Tuesday.
The companies, which announced the deal a year ago to better
compete with global giants Archer-Daniels-Midland ( ADM ) and
Cargill, submitted concessions to the EU competition
enforcer last week.
They offered to divest assets in two EU countries, other
sources told Reuters last week.
Viterra has 13 oilseed crushing plants among its more than
30 processing and refining facilities in 11 countries, according
to its website.
The European Commission, which is scheduled to decide on the
deal by Aug. 1, has sought feedback from farmers' groups,
clients and rivals before deciding whether to accept Bunge's
offer.
"We are confident that the commitments we have offered
address the areas of concern expressed by the Commission, which
are limited to specific markets," Bunge said.