Bunge deal for Viterra to receive conditional EU approval, Bloomberg reports

Bunge’s (BG) planned $8.2B acquisition of Viterra is set to receive conditional EU approval following concessions offered by the companies, Bloomberg’s Samuel Stolton reports. The tie-up will see Bunge buy Glencore (GLNCY)-backed Viterra in stock and cash, with Bunge owning about 70% of the combined company, Stolton writes. In order to appease EU regulators, Bunge has offered to divest all of Viterra’s crush and refining capabilities for certain oilseeds in Poland and Hungary, and officials are likely to conditionally approve the deal by the current deadline of August 1, people familiar with the matter say.