Source: APKinform (Ukraine)
The USD 34 billion merger between US grain company Bunge and Glencore-backed Viterra is close to receiving conditional approval from EU antitrust authorities, Oilworld reports, citing a source with direct knowledge of the matter.
According to the source, Bunge and Viterra will now adjust the proposed measures in exchange for the European Commission’s approval and after receiving feedback from market participants.
At the same time, it is noted that the European Commission, which was due to make a decision on the deal by August 1 this year, and Bunge declined to comment on this information.
In early July, Bunge and Viterra had proposed to sell Viterra’s oilseed processing facilities in Hungary and Poland to address the EU’s concerns about possible competition violations.