Wednesday, September 27, 2023

Bunge, Viterra merger to be reviewed


 

The federal government is going to review the planned merger of Bunge and Viterra.


As part of the review, the transport ministry will launch a public interest assessment of the proposed acquisition, which must be completed by June 2, 2024, said Transport MinisterPablo Rodriguez.


“Both companies hold ownership interests in port terminals throughout our country. Healthy competition in the transportation sector is necessary to ensure fair pricing and access for users, especially for Canadian farmers," Rodriguez said.