BRUSSELS, July 12 (Reuters) - U.S. grains merchant Bunge
and Glencore ( GLCNF )-backed Viterra have offered
concessions in an attempt to win EU antitrust approval for their
$34 billion merger, an update on the European Commission website
showed on Friday.
The companies announced their merger a year ago to rival
global giants Archer-Daniels-Midland ( ADM ) and Cargill
.
The European Commission, which did not provide details of
the concessions in line with its policy, extended its deadline
for a decision to Aug. 1 from July 18.
It is now expected to seek feedback from rivals and
customers before deciding whether to accept the concessions or
demand more. It can also open a four-month long investigation if
it has serious concerns.
The deal has triggered concerns from the Canadian
competition watchdog and farm groups. It also needs regulatory
clearance in North America, South America and China.