- Bunge Ltd (NYSE:BG) and Glencore Plc’s (OTC:GLNCY) Viterra grains division reportedly discuss a merger.
- There is no certainty that Viterra, part-owned by Switzerland-based mining and trading giant Glencore, will be able to reach an agreement on the terms, reported Reuters, citing a person familiar with the matter.
- A merger offers Glencore the potential to monetize its 49.9% Viterra stake, reported Bloomberg citing JPMorgan analyst Dominic O’Kane, who values that holding at $6.1 billion.
- JPM assumes Glencore will keep a minority stake in the combined business, which may have an equity value of around $25 billion.
- A deal would have to be approved by antitrust authorities, as there is a significant overlap in locations such as South America and Canada, added Bloomberg.
- Also Read: Bunge Q1 Earnings Top Expectations Amid Fluctuations In Global Supplies And Consumer Behavior
- Price Action: BG shares are trading higher by 0.02% at $93.62 on the last check Friday.
No Shoes, No Shirt And For Astros Players, No Service: World Series Team From Houston Refused Food In The City Of Brotherly Love
The 2022 World Series has the Houston Astros and Philadelphia Phillies competing for the title of baseball champion for the season.
