Big Bunge-Viterra merger shouldn’t affect competition: Analyst

United States-based oilseed crushing companies Bunge Ltd. and Viterra Ltd. have sealed a deal to merge and create a $34-billion agricultural powerhouse organization.

Viterra is one of North America’s largest grain handlers, while Bunge is the world’s largest oilseed crushing company.

This is the second attempt at a merger. In 2017, Glencore — the parent company of Viterra — tried to purchase Bunge.

With this deal, Bunge will assume $9.8 billion worth of Viterra debt.