Deals
Bunge’s $8 Billion Deal for Viterra Faces Risk of Delays
- Acquisition unlikely to complete within Bunge’s mid-2024 goal
- Company is still waiting approval from the EU, China, Canada
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Bunge Global SA’s $8 billion deal to acquire Glencore Plc-backed Viterra is facing the risk of delays as countries including Canada, China and the European Union are yet to approve the acquisition.
The transaction is unlikely to get done by Bunge’s mid-2024 target, according to people familiar with the matter. The St. Louis-based trader had set a goal to finalize the deal before the end of August, said the people, who asked not to be named because the information is private.