Canada's Competition Bureau said Tuesday it has “substantial competition concerns” regarding a proposed merger between Chesterfield-based agribusiness Bunge Global SA (NYSE: BG) and ...

With the deal's closing, Viterra owners Glencore, Canada Pension Plan Investment Board and British Columbia Investment Management Corp will become shareholders of Bunge.

Viterra owns nearly half of the grain-handling capacity in Western Canada. Louis Dreyfus has said it is expanding its grain handling capacity in Canada, last year downplayed talk of acquisitions.

Adding Viterra would expand Bunge’s trading business in the U.S., Canada and Australia to go along with its larger South America presence, analysts have said.

The companies made the announcement Tuesday, thus ending speculation that Wayzata-based Cargill could be poised to buy Viterra, Canada's largest grain handler.

Bunge (NYSE: BG) -2.2% pre-market Tuesday after saying it agreed to acquire Viterra in a cash and stock deal valued at ~$18B including debt, creating one of the world's largest agriculture traders.

U.S. grains merchant Bunge and Glencore-backed Viterra on Tuesday announced an $18 billion dealincluding debt to merge, creating one of the world's largest agriculture trading firms.

Viterra shares hit 7-month low as Canada rejects takeovers By Reuters October 22, 201211:50 AM PDTUpdated October 22, 2012 Summary ...

Viterra already operates a canola crushing plant in Western Canada, at Ste. Agathe, Manitoba. ($1 = 1.3247 Canadian dollars) (Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Meredith ...

For the year ended 31 October, Viterra generated EBITDA of C$323.7m, down from C$532.6m last year. However, excluding a first-quarter fertilizer inventory write-down, EBITDA was C$351.8m for 2009.