United States-based oilseed crushing companies Bunge Ltd. and Viterra Ltd. have sealed a deal to merge and create a $34-billion agricultural powerhouse organization.
Viterra is one of North America’s largest grain handlers, while Bunge is the world’s largest oilseed crushing company.
This is the second attempt at a merger. In 2017, Glencore — the parent company of Viterra — tried to purchase Bunge.
With this deal, Bunge will assume $9.8 billion worth of Viterra debt.
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