Competition Bureau has concerns with proposed Bunge-Viterra merger

In it’s report on the proposed Bunge-Viterra merger, the Competition Bureau of Canada says it is likely the merger would reduce competition for grain buying in the Prariries and the sale of canola oil in Eastern Canada.

The Bureau also said Bunge could influence the behaviour of G3, which operates grain elevators in the same regions as Viterra.

 Bunge announced the purchase of Viterra for $8.2-billion in cash and shares in June of last year.

Transport Canada is conducting a public interest assessment on the merger until June 2, then will provide it to Transport Minister Pablo Rodriguez.

The final decision on the proposed merger will be made by the federal cabinet, based on advice from the minister.

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