Bunge Global SA (BG) and Glencore-back Viterra Merger Receives Conditional Approval from China
Bunge Global SA (NYSE:BG) is one of the 7 best fertilizer stocks to buy according to hedge funds.
wk1003mike/Shutterstock.com
The merger between Bunge Global SA (NYSE:BG) and Glencore-backed Viterra received a conditional approval from China on June 16, 2025. The approval follows two years of regulatory investigation, due to concerns over competition in the soybean and rapeseed import markets in China. However, China has set conditions on the merger, requiring Bunge Global SA (NYSE:BG) to report quarterly on its activities and ensure the uninterrupted supply of critical crops to Chinese customers.
Following this deal, Bunge is now positioned to compete with global giants like Cargill and ADM in commodity trading, processing, and logistics. Through this merger, the company is set to enhance its reach and leverage across global agri-input markets, strengthening its role in upstream food and fertilizer supply.
Bunge Global SA (NYSE:BG) operates four segments through its integrated operations in oilseed processing and crop handling, supporting fertilizer-related agricultural markets. It is one of the best fertilizer stocks to buy right now.
While we acknowledge the potential of BG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Overlooked Tech Stocks to Buy Now and 10 Low Risk High Reward Stocks Set to Triple by 2030.
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
24 minutes ago
- Bloomberg
Intel Capital-Backed AI Firm Reconova Is Said to Plan HK IPO
Reconova Technologies Co., a Chinese artificial intelligence company specializing in visual perception, is planning a Hong Kong initial public offering as soon as this year, according to people familiar with the matter. The Intel Capital Corp. -backed firm is working with advisers on a share sale that could raise about $100 million, the people said, asking not to be identified because the information isn't public.
Yahoo
26 minutes ago
- Yahoo
Kim Jong Un opens massive Wonsan beach resort as he bets on North Korea tourism boom
Kim Jong Un inaugurated the giant Wonsan Kalma beach resort hub on North Korea's east coast on Tuesday as part of his push to promote tourism. Russia's ambassador in Pyongyang was in attendance as chief guest as Mr Kim opened the sprawling complex, the Korean Central News Agency reported on Thursday. The tourist zone in the port city of Wonsan in Kangwon province has housing, hotels and hostels for nearly 20,000 guests and is equipped with facilities for sea swimming, sports and recreation. The project is a stepping stone in Mr Kim's plan to boost tourism in one of the most isolated and secretive countries in the world. Tourism remains one of the few ways North Korea can legally earn foreign currency since most of its economic activities are restricted by UN sanctions. However, the tourism industry is tightly controlled and designed to showcase a sanitised version of the country. The opening ceremony was held 'with splendor', state media reported, and Mr Kim expressed "great satisfaction" at the development of the project. The Kalma resort was the first step in developing cultural tourism in the country, he said, and the government would soon confirm a major plan to develop more large-scale tourist areas. "Kim Jong Un expressed belief that the wave of happiness to be raised in the Wonsan Kalma Coastal Tourist Zone would enhance its attractive name as a world-level tourist cultural resort," KCNA said. The beach resort was first announced in 2014 and construction started in 2018, with an initial finish deadline of 2019. The construction came to a standstill during the 2020 pandemic as the country sealed its borders while international sanctions and material supply issues exacerbated delays. North Korea started loosening the restrictions in 2023 after three years of almost no tourism, with no foreign visitors allowed in and limited information coming out. In April, North Korea held the Pyongyang International Marathon for the first time in six years, with about 200 foreign runners participating. Mr Kim was accompanied at the inauguration of the Kalma resort by his daughter Kim Ju Ae and wife Ri Sol Ju. It was his wife's first public appearance since New Year's Day in 2024.
Bloomberg
32 minutes ago
- Bloomberg
Hesai: Lidar is the Future of Airbags
Hesai Technology's CEO, David Li, thinks Lidar, or light detection and ranging, could be the future of airbags despite criticism from Elon Musk. Hesai is one of the world's largest maker of lidar sensors, used in driver assistance systems. Li spoke with Bloomberg's Chief North Asia Correspondent Stephen Engle, from the sidelines of the WEF Annual Meetings in the Chinese city of Tianjin. (Source: Bloomberg)
