Bunge's $34 billion Viterra merger clears final China hurdle

Global agribusiness Bunge Global SA said Friday it has received regulatory approval from China for its merger with Glencore-backed grain handler Viterra, the final hurdle for its $34 billion mega-deal announced two years ago. Expects to finish the merger on or around July 2.

Global agribusiness Bunge Global SA (BG) has received regulatory approval from China for its acquisition of Glencore-backed grain handler Viterra, removing the final hurdle for its $34 billion mega-deal announced two years ago. The company expects to finalize the merger on or around July 2, according to a statement from Bunge.

The approval from Chinese regulators is a significant milestone for Bunge, which has been working to close the deal despite delays caused by U.S.-China trade tensions. This strategic move aims to create a global crop trading and processing giant that can compete with industry leaders such as Archer Daniels Midland (ADM) and Cargill (CARG.UL).

The news of the regulatory approval has led to a positive response in the financial markets. Bunge's stock climbed as much as 6.1% at midday on Friday, extending an earlier rally triggered by the Trump administration’s plan to increase US biofuel quotas [3]. Analysts have been optimistic about the deal, with predictions of a notable upside for Bunge's stock price. According to insights from 11 financial analysts, Bunge Global SA is projected to reach an average price target of $88.94 over the next year, with forecasts ranging from a high of $105.00 to a low of $74.00, indicating a potential upside of 17.85% from its current price of $75.47 [1]. The consensus among 12 brokerage firms positions Bunge Global SA with an average recommendation of 2.3, signaling an "Outperform" status [1].

GuruFocus estimates suggest that the GF Value for Bunge Global SA in one year is $89.81, reflecting an 11.21% upside from the existing price of $80.76. The GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and future business performance estimates [4].

The merger is expected to significantly bolster Bunge's global market presence, positioning it in closer competition with industry giants such as Archer Daniels Midland and Cargill. The deal is anticipated to increase revenues and strengthen Bunge's competitive stance in the agribusiness sector.

References:
[1] https://www.gurufocus.com/news/2923327/bunge-bg-awaits-chinese-approval-for-viterra-acquisition
[2] https://www.investing.com/news/stock-market-news/china-approves-bunges-82-billion-takeover-of-viterra-93CH-4095540
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3SG0TZ:0-bunge-receives-china-regulatory-approval-for-viterra-deal/
[4] https://www.gurufocus.com/news/2926896/bunge-bg-secures-china-approval-for-viterra-acquisition-shares-rise