The proposed merger between Bunge and Viterra was finalized on July 2nd.
According to the company's website, the new company marks the creation of a premier global agribusiness solutions company for food, feed and fuel.
Bunge’s Chief Executive Officer Greg Heckman says it’s a defining moment for our company and our global team as we complete this transformative business combination.
"Together, we’ve formed a stronger organization with enhanced capabilities and expertise to meet the evolving needs of our customers, maximize value for our stakeholders, and fulfill our shared purpose to connect farmers to consumers to deliver food, feed and fuel to the world. Now, we begin the exciting work of bringing our teams and operations together, uniting our strengths to realize the full potential of this combination."
As previously announced, the combined company is led by Greg Heckman, Bunge’s Chief Executive Officer, and John Neppl, Bunge’s Chief Financial Officer. Viterra Chief Executive Officer David Mattiske joins the Bunge Executive Leadership Team in the role of co-chief operating officer alongside Julio Garros, most recently Bunge’s co-president of agribusiness. As co-COOs, they will jointly oversee commercial activities, including the global commodity value chains, country/regional management teams, renewable fuels initiatives, regenerative agriculture solutions, and industrial operations & safety.
Viterra Limited started as a Canadian grain company with roots based in prairie grain handling co-operatives dating back to the early 1900's. Viterra was formed in 2007, when the Saskatchewan Wheat Pool (1953-2007) acquired Agricore United (2001-2007). In January 2013, Glencore International merged with Viterra, and in 2023, Bunge announced its merger plans with Viterra; the Government of Canada approved the merger in January 2025.
The deal is now complete.... The US$34 billion merger of Bunge and Viterra was finalized yesterday (July 2nd).
The Government of Canada signed off on the merger in January 2025 with the stipulation that Bunge would sell off six Western Canadian grain elevators and invest at least $520 million in Canada within five years. They also called for strict guidelines relating to Bunge's minority investment in G3.
More information on the merger is available here.