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Report: Viterra, Bunge in merger discussions

ROTTERDAM, NETHERLANDS Agribusiness giants Viterra and Bunge Ltd. are engaged in merger discussions, according to a Bloomberg report. The companies did not respond to inquiries from World Grain seeking comment.Rotterdam, Netherlands-based Viterra, part-owned by Switzerland-based Glencore and formerly known as Glencore Agriculture, operates a network of agricultural storage, processing and transport assets in 37 countries. Bunge, based in St. Louis, Missouri, US, is a world leader in oilseed processing and a leading supplier of specialty plant-based oils and fats, operating approximately 300 facilities in more than 40 countries.This is not the first time that merger rumors about the companies have surfaced. In 2017, Glencore made a takeover approach for Bunge that ultimately failed. A year later, The Wall Street Journal reported that ADM approached Bunge about a possible takeover bid, suggesting that a bidding war between ADM and Glencore could ensue, but Bunge, which at the time was ....

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