Prior notification of a concentration (Case M.11204 – BUNGE / VITERRA) (Text with EEA relevance) C/2024/3968
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Not the law itself: Notice
Address https://gelex.eu/eli/EU/notice/C/2024/3968/oj@2024-06-21/en
Contents
On 13 June 2024, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004. This notification concerns the following undertakings:
Bunge Global SA (Bunge, USA),
Viterra Limited (Viterra, Netherlands).
Bunge will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Viterra. The concentration is accomplished by way of purchase of shares. The business activities of the undertakings concerned are the following:
Bunge is an agribusiness company listed on the New York Stock Exchange. Bunge is mainly active in the sale of oilseed meals and oils as well as other vegetable oils. Bunge also sells grains, including corn, wheat, barley and milled products, such as wheat flour, as well as unprocessed oilseeds and other products like sugar,
Viterra is currently owned by Glencore, CPP Investments, BCI, and the VEBT. Viterra focuses on the purchase and sale of unprocessed commodity crops, in particular grains and oilseeds. Viterra also sells other unprocessed products like cotton and sugar, as well as milled products (e.g., wheat flour) and oilseed-based products (e.g., meal and oil).
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission. Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified: Case M.11204 – BUNGE / VITERRA Observations can be sent to the Commission by email or by post. Please use the contact details below: Email: COMP-MERGER-REGISTRY@ec.europa.eu Postal address: European Commission Directorate-General for Competition Merger Registry 1049 Bruxelles/Brussel BELGIQUE/BELGIË