Deals
Bunge-Viterra Deal Would Create $25 Billion Rival to Cargill
- Bunge is in talks with Glencore over Viterra grain business
- CEO Heckman has turned around once troubled crop merchant
Corn sample boxes sit in stores at a testing center in the grain terminal, operated by Cargill Inc. and M.V. Cargo
Photographer: Vincent Mundy/BloombergThis article is for subscribers only.
Commodity markets are bracing for a long-awaited deal that would create a $25 billion behemoth capable of competing with the world’s biggest agricultural players.
US crop merchant Bunge Ltd. is in talks with commodities giant Glencore Plc over a potential tie-up with its Viterra grains business. Following years of on-off talks, this time Bunge’s deal-making boss Greg Heckman, who oversaw a sharp turnaround at the once troubled crop trader, has the upper hand.