Viterra, an agriculture trader backed by Glencore Plc, is currently in discussions with Bunge Ltd., a major crop merchant, regarding a potential merger. This information comes from sources familiar with the matter.
According to anonymous sources familiar with the matter, the companies are currently in negotiations regarding the structure of a potential transaction. One option being considered is a stock deal which would result in Bunge shareholders owning a majority stake in the combined group.
Glencore has considered a potential agreement with Bunge intermittently for a number of years. It is uncertain whether they will be able to agree on the terms of a transaction at this time, according to sources.
In 2017, there was a friendly takeover approach made to Bunge, but the US firm headquartered outside St. Louis publicly rejected it. Since then, Bunge has made changes to its senior executives, including the replacement of its CEO.
