Bunge is buying Viterra in a deal valued at approximately $18 billion to create a global agricultural giant.
Viterra shareholders will receive about 65.6 million shares of Bunge stock, valued at approximately $6.2 billion and about $2 billion in cash. Bunge will assume $9.8 billion of Viterra debt.
Bunge’s grain and softseed handling capacity will grow while it expands origination capabilities in key regions and crops where Bunge doesn’t have a strong presence.
“The combination of Bunge and Viterra significantly accelerates Bunge’s strategy, building on our fundamental purpose to connect farmers to consumers to deliver essential food, feed and fuel to the world,” Bunge CEO Greg Heckman said in a prepared statement Tuesday….