Bunge

The Wheat Growers want to know where members stand on proposed Viterra-Bunge Merger

The Wheat Growers want to know where members stand on proposed Viterra-Bunge Merger

Nov 6, 2023 | 4:22pm
The Western Canadian Wheat Growers Association wants to hear thoughts from members about the proposed merger between Viterra and Bunge. The merger, announced earlier this year, is currently under review from the federal government as well as the Competition Bureau. President of the Wheat Growers Gunter Jochum says the survey – sent to members by email […]
Four Agriculture Groups want review of Bunge-Viterra merger done by the provincial government

Four Agriculture Groups want review of Bunge-Viterra merger done by the provincial government

Oct 6, 2023 | 5:43pm
Four farm groups want the Saskatchewan government to conduct a risk assessment into the proposed merger between Viterra and Bunge. The Agricultural Producers Association of Saskatchewan, SaskCanola, SaskBarley, and SaskWheat sent a joint letter to provincial Agriculture Minister David Marit. Chairperson of SaskWheat Brett Halstead says one of the concerns is less options to sell grain. […]
Canada’s Transportation Department will review Viterra-Bunge merger

Canada’s Transportation Department will review Viterra-Bunge merger

Sep 27, 2023 | 2:45pm
The federal government is reviewing the merger between ag company giants Viterra and Bunge. Both companies announced the $8.2-billion (US) deal in June. Federal Transport Minister Pablo Rodriguez says the deal is of significant national interest in Canada’s transportation sector and the broader supply chain, as both companies hold ownership interests in port terminals across […]
Three Ag Companies reported increase in earnings

Three Ag Companies reported increase in earnings

Aug 4, 2023 | 2:40pm
Cargill says its fiscal year 2023 revenue increased 7% from a year earlier to $177 billion, the highest ever for the 158-year-old company. Cargill peers Archer-Daniels-Midland and Bunge both also reported solid earnings in their most recent quarters and raised their profit outlooks for 2023. Robust demand for food, animal feed and biofuel, and global supply […]
Bunge-Viterra merger has groups raising concerns of possible lack of competition

Bunge-Viterra merger has groups raising concerns of possible lack of competition

Jun 14, 2023 | 4:56pm
A day after Bunge Limited and Viterra announced a deal that will see them merge into one agri-business company, reaction has been coming in. Jim Smolik, a stakeholder relations person with Western Canadian Wheat Growers Association, says the deal shows the reality of businesses having to increase in size in order to meet demand. “One […]
Bunge Ltd. and Viterra sign deal to merge into one agri-business company

Bunge Ltd. and Viterra sign deal to merge into one agri-business company

Jun 13, 2023 | 10:25am
After weeks of talks, a deal has been signed between Bunge Limited and Viterra to merge. However the deal is subject to approval from Bunge stakeholders and other regulatory approval, which is expected to be complete by mid-2024. Reports say under this agreement, Viterra’s shareholders will receive 65.6 million shares of Bunge, valued at about […]