Bunge Nears China Ruling for $8.2 Billion Viterra Merger, Bloomberg News Reports
06.12.2025 By Tank Terminals - NEWS

June 12, 2025 [Reuters]- U.S. grains merchant Bunge is close to getting a ruling from Chinese regulators on its $8.2 billion purchase of Glencore-backed Viterra with a verdict expected within days, Bloomberg News reported on Wednesday.

 

The merger, first announced in 2023, would create a global crop trading and processing giant closer in scale to chief rivals Archer-Daniels-Midland and Cargill.

Regulatory approval in China remains among the last remaining hurdles to the deal’s closing.

Bunge and Viterra said in two separate, similarly worded statements to Reuters that the companies were in the final stage of regulatory approval and thanked Chinese officials for “constructive dialogue throughout the review process.”

China’s commerce ministry did not immediately respond to a Reuters request for comment.

The deal has secured most global approvals required for the merger, including from the EU and Canada.

The completion deadline, originally scheduled for mid-2024, has been extended multiple times, with the current date set for June 13.

 

TankTerminals.com is a market research platform with logistical, operational, infrastructural and shipping data that includes contact details of more than +9,600 tank terminals and +6,000 production facilities worldwide.

Access data. Decide better. See how.

Enovos Announces FID on Luxembourg Green Hydrogen Project
06.15.2026 - NEWS
June 15, 2026 [Renewables Now]- Enovos announced that a final investment decision (FID) has been ... Read More
KPC Approves Egypt Gas Project, Output Set for Q4
06.15.2026 - NEWS
June 15, 2026 [Zawya]- Kuwait Petroleum Corporation (KPC) has approved an investment in a gas exp... Read More
Shell Pauses $3 Billion Share Buyback Ahead of ARC Acquisition Vote
06.15.2026 - NEWS
June 15, 2026 [Reuters]- Shell said ‌on Friday it was pausing its $3 billion share buyback prog... Read More
LyondellBasell to Shut Remaining PP Output at Brindisi
06.15.2026 - NEWS
June 15, 2026 [Argus Media]- Petrochemical producer LyondellBasell said it plans to close its rem... Read More