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Talks Continue on Merging U.S. and Canadian Ag Giants

Glencore, a global commodities trader, is in talks to merge its agricultural division. The Globe and Mail says the company wants to merge Viterra, Ltd, a large Canadian company acquired in 2012, with Bunge Ltd.

If the merger takes place, it will create a large North American-based company. Viterra operates a large number of grain elevators, specialty crop facilities, processing plants, and port terminals through most of Canada and parts of the U.S. Glencore wants to merge it with Bunge, based out of St. Louis, one of the world’s dominant ag companies with a market value of $14 billion.

Glencore first proposed a merger idea with Bunge in 2017 but was turned down. A source close to the discussions says a deal seems much more likely this time than six years ago, but the sides haven’t agreed on a final price. Glencore originally bought Viterra for $6 billion in 2012.

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