06:58 AM EST, 01/15/2025 (MT Newswires) -- Bunge's (BG) $34 billion merger with Glencore-backed Viterra was conditionally approved by Canada's Transport Ministry on Tuesday.

The transport ministry said the approval requires Bunge to divest six grain elevators in Western Canada and imposes strict controls on its minority stake in G3, ensuring Bunge cannot influence G3's pricing or investment decisions.

The company must also invest at least 520 million Canadian dollars ($362.5 million) in Canada within the next five years.

Additionally, the transport ministry said a price protection program will be implemented for certain canola oil purchasers in Central and Atlantic Canada to maintain fair pricing and market stability.

The terms are designed to protect competition, foster investment in Canada, and secure economic benefits for Canadians, ensuring the merger does not harm competition in the grain and oilseed sectors, particularly for grain purchasing in Western Canada and canola oil sales in Central and Atlantic Canada, the transport ministry said.