Transport Minister Pablo Rodriguez, right, arrives at a Liberal caucus meeting on Parliament Hill in Ottawa on Wednesday, Sept. 20, 2023.The federal government says it's launching a review of the proposed acquisition of Viterra Ltd. by Bunge Ltd. (Photo: Canadian Press)

By Canadian Press

Federal government to review Viterra-Bunge deal: transport minister

Sep 27, 2023 | 6:57 AM

LETHBRIDGE, AB – The federal government says it’s launching a review of the proposed acquisition of Viterra Ltd. by Bunge Ltd.

Viterra is a grain-handling company owned by Swiss commodities giant Glencore, the Canada Pension Plan Investment Board and B.C. Investment Management Corp.

Missouri-based Bunge is the world’s largest oilseeds processing company, operating in more than 40 countries worldwide.

The US$8.2-billion deal was announced in June.

Transport Minister Pablo Rodriguez says in a statement that both companies hold ownership interests in port terminals throughout Canada.

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He says healthy competition is needed in the transportation sector to ensure fair pricing and access, especially for farmers.

This report by The Canadian Press was first published Sept. 26, 2023.

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