Bunge Limited's Divestment of Viterra's Oilseeds Facilities to Obtain EU Antitrust Nod
Tuesday, 16 July 2024, 14:48
Bunge Limited's Proposal for EU Compliance
Bunge Limited, a major U.S. grains merchant, is making strides towards EU antitrust approval by offering to sell Glencore-backed Viterra's oilseeds plants in Hungary and Poland.
Industry Shakeup
This move aims to ensure fair market competition following the proposed $34 billion merger, with Viterra's expansive list of facilities under scrutiny.
- Key Divestment: The sale targets Viterra's crush and refining plants in two EU countries.
- Regulatory Compliance: The divestment is crucial for securing regulatory greenlight amidst concerns of market dominance.
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