OTTAWA (Reuters) – The Canadian federal government stated on Tuesday it authorized with problems the $34 billion merging bargain in between Bunge and the Glencore- backed business Viterra.
The problems for the bargain authorization consist of Bunge’s divestiture of 6 grain lifts in Western Canada and a binding dedication from Bunge to spend at the very least C$ 520 million in Canada within the following 5 years, according to a declaration from the transportation ministry.
“This decision underscores the importance of promoting economic growth in Canada, while maintaining robust oversight to protect competition and the public interest,” Transport and Internal Trade Minister Anita Anand stated in the declaration.
(Reporting by Ismail Shakil in Ottawa; Editing by Chris Reese)
