Crop trader Bunge is ‘close’ to a buyout of Glencore’s Viterra

CHICAGO: US agribusiness Bunge Ltd is nearing a deal to acquire Glencore Plc-backed Viterra, people familiar with the matter say, creating a giant capable of competing with the world’s biggest agricultural players.

Bunge shareholders would hold a significant majority in the deal, said people familiar with the matter, who asked not to be identified because the information is private.