China Approval for Bunge's Viterra Deal Comes With Crop Demands
China has confirmed its approval of Bunge Global SA's takeover of rival Viterra, but on Monday outlined several conditions, including the continued supply of key crops to the Asian nation at a 'fair' price.
The green light from Beijing, announced by Bunge late last week, was the last major hurdle to the conclusion of the $8.2 billion deal. Still, a statement from the country's State Administration for Market Regulation outlined the large share of soybean, barley and rapeseed trade with one of the world's top buyers that the combined company will control, which risks limiting competition.
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