1404 ET - Bunge closed its $8 billion deal for Glencore-backed Viterra after a two-year wait, creating a new giant in crop trading and processing. The deal helps merge Bunge's massive soybean processing and South American crop trading operations with Viterra's North American grain-buying and shipping facilities. The deal helps position Bunge alongside its biggest rivals, ADM and Cargill, in terms of size, with about $100 billion in combined annual revenue. Bunge cleared regulatory hurdles with Canada and China earlier this year. "Today is a defining moment for our company," says Bunge CEO Greg Heckman in a statement. (patrick.thomas@wsj.com)
(END) Dow Jones Newswires
July 02, 2025 14:04 ET (18:04 GMT)
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