Competition Bureau releases report identifying substantial competition concerns with Bunge's proposed acquisition of Viterra
GATINEAU, QC, April 23, 2024 /CNW/ - The Competition Bureau has concluded that the proposed acquisition of Viterra Limited (Viterra) by Bunge Limited (Bunge) is likely to result in substantial anti-competitive effects and a significant loss of rivalry between Viterra and Bunge in agricultural markets in Canada.
- GATINEAU, QC, April 23, 2024 /CNW/ - The Competition Bureau has concluded that the proposed acquisition of Viterra Limited (Viterra) by Bunge Limited (Bunge) is likely to result in substantial anti-competitive effects and a significant loss of rivalry between Viterra and Bunge in agricultural markets in Canada.
- The report will inform Transport Canada's public interest review of the proposed transaction as it relates to national transportation.
- The Bureau also found that Bunge could materially influence the economic behaviour of G3 Global Holdings (G3), a major competitor to Viterra.
- On August 15, 2023, Viterra and Bunge notified the Minister of Transport that Bunge proposes to acquire Viterra.