Deals
Bunge Delays Completion of $8.2 Billion Viterra Acquisition
- Company expects transaction to close in next several months
- Deal is still awaiting approval from China, Canada and the EU
A Viterra grain elevator in Saskatoon, Saskatchewan, Canada, on Monday, June 12, 2023
Photographer: Heywood Yu/BloombergThis article is for subscribers only.
Crop trader Bunge Global SA said its $8.2 billion acquisition of Viterra Inc. will be delayed as the company is still awaiting regulatory approval from several governments including China, Canada and the European Union.
The St. Louis-based trader, which had set a goal to finalize the deal by mid-year, said the transaction would be completed in the next several months. Bloomberg reported earlier this month that the deal faced a risk of being delayed.