Bunge-Viterra Deal Likely to Face Argentina Antitrust Scrutiny
- Combined company could end up with 40% of oilseeds processing
- Bunge CEO Greg Heckman dodged questions about concentration
Bunge Ltd. headquarters in Chesterfield, Missouri.
Photographer: Neeta Satam/BloombergThis article is for subscribers only.
Bunge Ltd.’s deal to buy Glencore-backed Viterra will create an agriculture giant that’s likely to face antitrust scrutiny in Argentina, the world’s largest exporter of soy products.
The combined company could end up with 40% of the oilseeds processing capacity in Argentina if a previously agreed deal to rescue bankrupt soy supplier Vicentin SAIC goes through, according to Bloomberg calculations using data from grain brokerage JJ Hinrichsen. That’s likely to spark regulatory scrutiny.