China Approves Conditional Merger of Bunge and Viterra

China's market regulator has granted conditional approval for Bunge's merger with Viterra, clearing the final hurdle for the $34 billion deal. The merger, announced two years ago, is the result of a global agribusiness consolidation and expansion in the grain market. Bunge, a US-based company, and Viterra, a Canadian-based company backed by Glencore, will now combine to form a global leader in the agribusiness sector.

Bunge Global SA (BG) has received conditional approval from China's market regulator for its merger with Viterra, marking the final regulatory hurdle for the $34 billion deal. The merger, announced two years ago, is part of a broader trend of consolidation and expansion in the global agribusiness sector. Bunge, based in the United States, and Viterra, a Canadian company backed by Glencore, will now combine to form a global leader in the agribusiness sector.

The approval from China comes after Bunge received conditional approvals from regulators in Canada, the European Union, and other markets. The merger is expected to close on or around July 2, creating a significant player in the agribusiness industry that will rival Archer-Daniels-Midland (ADM) and Cargill.

The merger will enhance Bunge's grain exporting and oilseed processing businesses in the United States, where it has a smaller presence than ADM and Cargill. Additionally, it will expand Bunge's export capacity and physical grain storage and handling footprint in major global wheat suppliers like Canada and Australia.

The approval from China is a significant milestone for Bunge, as it underscores the strategic rationale behind the merger. The company expects to accelerate its shared vision for growth and fulfill its purpose of connecting farmers to consumers to deliver essential food, feed, and fuel to the world.

Bunge shares have responded positively to the news, with the stock jumping 5.7% by mid-afternoon on Friday, extending earlier gains stemming from surging crude oil prices and favorable U.S. biofuel blending proposals from the Environmental Protection Agency.

The merger has faced competition concerns and heightened regulatory scrutiny, which delayed the closing of the transaction for nearly a year. However, the approval from China clears the way for the merger to proceed.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3SG0TZ:0-bunge-s-34-billion-viterra-merger-clears-final-china-hurdle/
[2] https://www.realagriculture.com/2025/06/viterra-sale-to-bunge-receives-final-approval-in-china/
[3] https://www.dtnpf.com/agriculture/web/AG/news/business-inputs/article/2025/06/13/bunge-viterra-merger-clears-chinese
[4] https://www.gurufocus.com/news/2923327/bunge-bg-awaits-chinese-approval-for-viterra-acquisition