Bunge and Viterra Finalize $34 Billion Merger, Reshaping Global Grain Trade
In a move set to redefine the global agribusiness landscape, Bunge Global SA has completed its loawaited merger with Canada-based Viterra. The deal-valued at $34 billion-forms a major new player in the international grain, oilseed, and feed markets, with significant implications for supply chain efficiency, farmer access, and sustainability.
This isn't just a merger of size. Bunge CEO Greg Heckman emphasized that the transaction aims to deliver a fully integrated, responsive supply chain serving food, feed, and renewable fuel markets. With this union, Bunge deepens its logistics and processing footprint-especially in U.S. grain exports and oilseed crushing, areas where it had been outpaced by ADM and Cargill.
Leadership continuity will help ensure a smooth transition: Heckman remains CEO, with John Neppl as CFO, and David Mattiske (Viterra CEO) along with Julio Garros as joint operations leads.
From a financial standpoint, the combined firm expects $250 million in annual synergies by 2028. Bunge has also launched a $2 billion share buyback and taken on $9.8 billion in Viterra's debt. Glencore, a key Viterra stakeholder, now holds 16.4% of the merged entity and will conduct its own $1 billion stock repurchase.
The newly formed company is making sustainability a core priority. Bunge reaffirmed its commitment to cut Scope 1 and 2 emissions by 25% and Scope 3 by 12% by 2030. This includes promoting regenerative agriculture practices such as no-till farming and cover crops, directly aligning with USDA goals for climate-smart farming.
On the regulatory front, the deal received final approvals from China in June 2025 and the European Union in 2024. In Canada, the agreement was cleared after certain assets were sold to resolve antitrust concerns. Despite the green light, some farmer advocacy groups caution that the merger may reduce competition and increase basis fees, particularly in the Canadian Prairies.
For U.S. agriculture, the merger brings both opportunity and uncertainty. The consolidation expands market access, improves supply chain resilience, and injects fresh capital into sustainable production systems. However, it also heightens concerns about market dominance, price transparency, and farmer bargaining power.