Commodity markets are bracing for a long-awaited deal that would create a $25 billion behemoth capable of competing with the world’s biggest agricultural players.
US crop merchant Bunge Ltd.is in talks with commodities giant Glencore Plc over a potential tie-up with its Viterra grains business. Following years of on-off talks, this time Bunge’s deal-making boss Greg Heckman, who oversaw a sharp turnaround at the once troubled crop trader, has the upper hand.
Combining the two would create a trader big enough to take on the industry’s elite: Minneapolis-based Cargill Inc. and Chicago’s Archer-Daniels-Midland Co. It would also complete ...
