Competition Bureau raises concerns over Bunge-Viterra deal

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Competition Bureau News

Viterra,Bunge Ltd.

GATINEAU, Que. — The Competition Bureau says it is likely that Bunge Ltd.'s US$8.2-billion deal to acquire Viterra Ltd. would 'substantially' reduce...

GATINEAU, Que. — The Competition Bureau says it is likely that Bunge Ltd. 's US$8.2-billion deal to acquire Viterra Ltd. would "substantially" reduce competition in the grain and canola oil markets.

It also says Bunge could influence the behaviour of G3 Global Holdings, a major competitor to Viterra. Bunge is a minority shareholder of G3 which operates grain elevators in many of the same regions as Viterra.Transport Canada has until June 2 to complete a public interest assessment and provide it to the minister.

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Viterra Bunge Ltd.

 

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