1254 ET - The trade group representing Canadian grain farmers says it's "extremely disappointed" with Ottawa's decision to allow Bunge to acquire Viterra. Grain Growers of Canada says the takeover is likely to cost its 70,000 members about C$770 million a year in sales. Conditions imposed by the Canadian government to address competition concerns are "woefully inadequate," the group says, arguing Canada should have compelled Bunge to sell its 25% stake in G3 Global Holdings, which owns 20 grain elevators across Canada and terminal elevators at ports in British Columbia. Instead, Canada opted to impose strict conditions regarding Bunge's influence on the operations of G3, whose shareholders also include Saudi Arabia-owned agrifood company, Salic. (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
January 15, 2025 12:55 ET (17:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。