Dado Ruvic/Reuters
Bunge BG-N announced its successful merger with Viterra Limited, forming what they anticipate will be a leading global agribusiness company specializing in food, feed, and fuel.
This US$8.2-billion deal was finalized nearly six months after the Canadian government approved the merger, having included specific terms and conditions to address competition concerns.
According to a media release, Bunge’s CEO, Greg Heckman, stated that this union creates a more robust organization with enhanced capabilities and expertise.
Viterra, a grain-handling business formerly known as the Saskatchewan Wheat Pool, operates over 80 facilities across Canada.
As part of the new structure, former Viterra CEO David Mattiske now serves as co-chief operating officer on Bunge’s executive leadership team.
He joins Julio Garros, who previously held the role of Bunge’s co-president of agribusiness.