EU Clears Bunge And Viterra’s $34 Billion Merger Deal

The European Commission said on Thursday that it had cleared the $34 billion merger deal between Bunge and the Glencore-backed company Viterra.

“The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Viterra Limited by Bunge Global S.A. The approval is conditional upon full compliance with the commitments offered by the parties,” it said.

The companies announced the deal to create one of the world’s largest agriculture trading firms a year ago, in order to compete more strongly with market leaders Archer-Daniels-Midland and Cargill [CARG.UL.].

(Reporting by Sudip Kar-Gupta; Editing by Susan Fenton)