Glencore’s Viterra in Merger Talks With US Grain Rival Bunge
- Companies are discussing structure of a potential deal
- Bunge rebuffed a previous approach by Glencore in 2017
A wheat sample is inspected at a Viterra grain elevator near Rosser, Manitoba, Canada.
Photographer: Shannon VanRaes/BloombergThis article is for subscribers only.
Glencore Plc-backed agriculture trader Viterra is in talks to merge with US rival Bunge Ltd., one of the world’s largest crop merchants, according to people with knowledge of the matter.
The companies are negotiating the structure of a potential transaction, said the people, who asked not to be identified discussing confidential information. One option being discussed envisions a stock deal where Bunge shareholders would own a majority of the combined group, according to the people.