Bunge entered into a business combination agreement with Viterra Limited (Jersey) in a cash and stock transaction. Viterra sellers Glencore, CPP Investments and the British Columbia Investment Management Corporation will receive approximately 65.6 million shares of Bunge (approximately US$6.2 billion) and approximately US$2 billion in cash. As part of the transaction, Bunge will assume US$9.8 billion of Viterra debt. The transaction creates a premier diversified global agribusiness solutions company well suited to operating in increasingly complex global markets and better serving both farmers and customers.
The merger was approved by the Bunge and Viterra boards in June 2023 and by the Bunge shareholders on 5 October 2023.
David Stubbs, Marcello Ausenda, Katie Martin and Rhys Williams worked alongside teams from Latham & Watkins, Homburger, Jones Day and Reed Smith.