Bunge finalizes merger with Viterra in hopes to compete with the big ag players

U.S.-based agribusiness Bunge has finalized its merger with Canadian company Viterra.

The groups hope the venture will help them compete with companies like Cargill and Archer-Daniels-Midland. They also want to create a global network for the ag markets and farmers. They hope to increase the diversification of assets, crops, geographics, and the supply chain.

The two companies attempted to merge back in 2017 but those negotiations fell through. The deal is expected to be worth around $34 billion including debt.

Reuter says it is expected to face a lot of regulatory scrutiny.