Bunge Completes $34 Billion Mega-Merger With Grain Handler Viterra

Summary: Bunge Global officially closed its long-delayed merger with Glencore-backed grain handler Viterra on Wednesday, July 2, 2025, two years after announcing the $34 billion mega-deal, creating a global crop trading and processing giant poised to rival Archer-Daniels-Midland and Cargill at a time of slumping grain prices and weak crushing margins.

The deal

Global agribusiness Bunge Global said it officially closed the deal to merge with Glencore-backed Viterra on Wednesday, two years after announcing the $34 billion mega-deal, Reuters reported on July 2, 2025. The merger creates a global crop trading and processing giant poised to rival agribusiness giants Archer-Daniels-Midland and Cargill, at a time when slumping grain prices, weak crop-processing margins and geopolitical tensions have eroded profitability in the sector. Bunge shares closed 1.4% higher on Wednesday.

From takeover target to acquirer

The closing culminates a dramatic turnaround for Missouri-based Bunge. Just seven years ago, the two-century-old company struggled through a particularly weak stretch of earnings results that left it vulnerable to takeover attempts by rivals Glencore and ADM. Investor pressure forced out Bunge's CEO Soren Schroder (Soren Schroder) in late 2018, before Greg Heckman (Greg Heckman) was appointed to lead the company in April 2019. Last month, China's market regulator granted conditional approval for the merger, clearing the final hurdle for the deal.

Leadership and footprint

Heckman will remain CEO of the combined company, and Bunge Chief Financial Officer John Neppl (John Neppl) will also keep his role, Bunge said. Viterra CEO David Mattiske (David Mattiske) and Julio Garros (Julio Garros), Bunge's co-president of agribusiness, will be co-chief operating officers.

What the merger adds

The merger with Netherlands-based Viterra enhances Bunge's grain exporting and oilseed processing businesses in the United States, where it has a smaller presence than its larger rivals ADM and Cargill, according to analysts.
The deal expands Bunge's export capacity and physical grain storage and handling footprint in major global wheat suppliers Canada and Australia.
The combined group is positioned to rival ADM and Cargill in global crop trading and processing during a weak-margin cycle for the sector.