EU antitrust regulators are deciding if the Bunge-Vitera merger meets approval conditions by July 18. The companies announced the intention to merge last year, following a similar step taken by its competitors ADM and Cargill. If approved, the new agricultural entity will be worth USD 34 billion, Reuters reports.
Bunge Limited announced its merger with Viterra Limited, creating an agribusiness company with a global network. The merger is expected to close in mid-2024, following regulatory approvals.
Bunge plans to invest approximately USD 550 million to build a soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility in Morristown, Indiana, to meet rising customer demand for key ingredients in the production of plant-based foods, processed meat, pet food, and feed products.
Bunge Limited announced today the sale of its wheat mills in Mexico to Grupo Trimex was finalized.
