OTTAWA, Jan 14 (Reuters) - The Canadian government said
on Tuesday it approved with conditions the $34 billion merger
deal between Bunge and the Glencore ( GLCNF )-backed company
Viterra.
The conditions for the deal approval include Bunge's
divestiture of six grain elevators in Western Canada and a
binding commitment from Bunge to invest at least C$520 million
in Canada within the next five years, according to a statement
from the transport ministry.
"This decision underscores the importance of promoting
economic growth in Canada, while maintaining robust oversight to
protect competition and the public interest," Transport and
Internal Trade Minister Anita Anand said in the statement.