CCI approves acquisition of Kenvue Inc. by Kimberly-Clark (See 'Corp Brief') CCI approves Adani Power to buy stake of GVK Energy (See 'Corp Brief') IBC - If transaction was builder-linked contractual arrangement rather than pure financial debt default, Section 7 IBC proceedings cannot be used in parallel with DRT recovery proceedings: SC (See 'Legal Desk') CCI approves acquisition of stake in Llyods Engineering by Thriveni Earthmovers (See 'Corp Brief') CCI approves acquisition by CPPIB India in Ctrl S Datacenters (See 'Corp Brief') Govt pushes India Post toward Corporate-Style Efficiency (See 'Corp Brief') IPR - Use of house mark does not by itself obviate infringement or passing off: HC (See 'Legal Desk') Present petro conservation intended towards long-run capacity building: RM (See 'Corp Brief') Atal Innovation Mission hosts AIM Sumvaad- Central India to strengthen regional incubators (See 'Corp Brief') FERA - Foreign judgment is unenforceable in India as it fell within exceptions u/s 13 CPC: SC (See 'Legal Desk') Forum of Regulators celebrates 21 Years of strengthening India's Power Sector (See 'Corp Brief') A&C - Once seat of arbitration is expressly designated by agreement of parties, that seat becomes juridical home of arbitration and operates akin to exclusive jurisdiction clause: SC (See 'Legal Desk') Supreme Court lays down scenarios for lifting of Doctrine of Corporate Veil (See 'CORP EINSICHTf') Fisheries Secy visits ornamental fish brood bank in Maharashtra (See 'Corp Brief') Company Law - For purpose of maintainability of petitions u/s 397 & 398, expression ‘member' is not to be confined only to formal entry in register of members u/s 41(2): SC (See 'Legal Desk') Over 3,500 Participants compete in AB PM-JAY Hackathon (See 'Corp Brief') Scindia, Fadnavis inaugurate renovated Andheri RS Post Office as Future-Ready Service Hub (See 'Corp Brief') IBC - While subsidiary companies are separate legal entities, corporate veil may be lifted if associated companies are inextricably connected so as to form one concern: SC (See 'Legal Desk')

Print

CCI approves acquisition of 100% share capital of Viterra by Bunge

Published: Jul 31, 2024

By TIOLCorplaws News Service

NEW DELHI, JULY 31, 2024: THE Competition Commission of India (CCI) has approved the acquisition of 100% share capital of Viterra by Bunge. The proposed combination relates to the acquisition of 100% of the issued and outstanding share capital of Viterra Limited (Viterra/ Target) by Bunge Global SA (Bunge / Acquirer). As part of the consideration for the proposed transaction, Viterra's three main shareholders, namely Glencore PLC (Glencore) (through Danelo Limited), the Canada Pension Plan Investment Board (CPP Investments) (through CPPIB Monroe Canada, Inc.), and the British Columbia Investment Management Corporation (BCI) (through Venus Investment Limited Partnership), will receive Bunge stock and as a result respectively own minority stakes in Bunge (Proposed Transaction).

Globally, Bunge is mainly active in the sale of oilseed meals and vegetable oils. Bunge also sells grains and milled products as well as unprocessed oilseeds and other products like sugar. In India, Bunge had sales (i.e., "marketing") of refined vegetable oils (groundnut oil, mustard oil, palm oil, rapeseed oil, soybean oil, sunflower oil, sesame oil, oil blends and other oils), crude vegetable oils (soybean oil, palm oil, palm kernel oil, sunflower oil), soybean meal, glycerine, margarine, lecithin, vanaspati, shortenings, yeast and free fatty acids.

Globally, Viterra focuses on the purchase and sale of unprocessed commodity crops, in particular grains. Viterra also sells oilseeds and other unprocessed products like cotton and sugar, as well as milled products and oilseed-based products (e.g., meal and oil). In India, Viterra had sales (i.e., "marketing") of grains (wheat, corn, sorghum and rice), crude vegetable oils (soybean oil and sunflower oil), sunflower meal, sugar, cotton, pulses, and chickpea and yellow pea flours. Viterra also has limited origination activities in India of agricultural commodities such as domestic channa, wheat, maize, lentils, and cotton.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.