In what has been one in the lots of mergings & & purchase stories of the year, Bunge and Viterra are merging right into one agriculture trading company at a price of $ 18 billion
The firms are largely trading in grains and oilseeds, placing them up versus the highly affordable trading companies called ABCD team– Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus (ABCD). ABC Rural
Viterra is owned by Swiss-based international mining and commodities huge Glencore, whose CEO Gary Nagle claimed: “The merger of Viterra with Bunge is anticipated to understand significant value for Glencore. Our investment in the agriculture industry dates back over 40 years and has grown from being a tiny grains investor to being part of a world leading, totally incorporated international farming network. The combined team would certainly be a premier pure-play agribusiness services company, well placed to meet boosted worldwide need along with the continuous obstacle of offering lasting, traceable food and feed products to consumers all over the world.”
Bunge Limited is based in St. Louis, Missouri of the USA. Upon releasing details about the company’s merger with Viterra, Chief Executive Officer Greg Heckman , stated: “The mix of Bunge and Viterra significantly speeds up …