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Canada approves $34 billion Bunge-Viterra merger with conditions
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Canada approves $34 billion Bunge-Viterra merger with conditions
Jan 14, 2025 4:03 PM

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.

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