Bunge Says Viterra Deal Conclusion May Be Delayed Into 2025 (1)

Bunge Global SA said its $8 billion acquisition of Glencore Plc-backed Viterra may be further delayed as the company waits for government approvals in key markets.

The transaction may now be closed as late as early 2025, Chief Executive Officer Greg Heckman said during an earnings call on Wednesday. The deal was initially expected to be completed earlier this year.

“We continue to engage with the relevant authorities as we work toward gaining the few remaining regulatory approvals,” Heckman said on the call. While the transaction has won a conditional nod from the European Union, it is still pending a ...