BRUSSELS, July 12 (Reuters) - U.S. grains merchant Bunge
and Glencore ( GLCNF )-backed Viterra have offered
concessions aimed at winning EU antitrust approval for their $34
billion merger, the European Commission website showed on
Friday.
The companies announced their merger a year ago in a
challenge to 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.
A spokesperson for Bunge said the company was in
constructive discussions with the European Commission, and
confirmed it offered concessions without specifying what they
were.
"We are confident that the commitments we have offered
address the areas of concern expressed by the Commission, which
are limited to specific markets," the spokesperson said.
The European Commission is expected to seek feedback from
rivals and customers before deciding whether to accept the
concessions or demand more. It can open a four-month
investigation if it has serious concerns.
The deal has triggered concerns from the Canadian
competition watchdog and farm groups. It requires regulatory
clearance in North America, South America and China.