United States $14 Billion Agricultural Giant Bunge in Potential Merger with Glencore-Backed Canada Viterra to Create $30 Billion Agricultural Trading Group
10th June 2023 | Hong Kong
United States $14 billion agricultural giant Bunge is in talks with a potential merger with Glencore-Backed Viterra (Canada, privately held) to create a $30 billion agricultural trading group. Viterra was acquired for $6.1 billion by Glencore in 2013. Viterra key shareholders include Glencore, Canada Pension Plan Investment Board & British Columbia Investment Management Corp. Viterra is a fully integrated agriculture network connecting producers to consumers with sustainable, traceable and quality-controlled agricultural products. Bunge is a global leader in agribusiness, food and ingredients, and has a market capitalization of $14.1 billion (9/6/23). Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. Glencore has market capitalization of $67.8 billion (9/6/23).
“ United States $14 Billion Agricultural Giant Bunge in Potential Merger with Glencore-Backed Canada Viterra to Create $30 Billion Agricultural Trading Group “
United States $14 Billion Agricultural Giant Bunge in Potential Merger with Glencore-Backed Canada Viterra to Create $30 Billion Agricultural Trading Group
About Bunge
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri, and we have almost 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.
About Viterra
At Viterra, we believe in the power of connection. Our world-leading, fully integrated agriculture network connects producers to consumers with sustainable, traceable and quality-controlled agricultural products. With more than 17,500 talented employees operating in 37 countries, our strategic network of agricultural storage, processing and transport assets enable us to offer innovative solutions and open pathways for our customers, creating successful partnerships that last. Together, we are stronger, and achieve more.
About Glencore
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today. With around 140,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 40 offices. Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
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