British Columbia Investment Management Corporation has entered a definitive agreement to exchange its stake in Viterra Limited for a minority position in the merged entity of Viterra and Bunge Limited, aiming to enhance global supply chain resiliency and sustainable food production.

Information on the Target

Viterra Limited (Viterra) is a prominent global agriculture network that effectively bridges the gap between agricultural producers and consumers. The company focuses on the sustainable, traceable, and quality-controlled distribution of agricultural products worldwide. Viterra’s robust infrastructure and expertise in the agricultural sector position it as a leading entity in delivering essential commodities.

Bunge Limited (NYSE:BG) is an established player in the agriculture and commodities sectors, specializing in oilseed processing and being a significant global provider of plant-based oils and fats. The merger of Viterra and Bunge is geared towards harnessing their complementary operations and geographic footprints, thereby elevating their ability to serve a wider customer base through an enhanced global network.

Industry Overview in Canada

The agriculture sector in Canada is a key driver of the economy, being one of the country's largest industries. It encompasses a wide range of activities, from crop and livestock production to the processing and distrib