Bunge seals $34B Viterra deal to rival ADM, Cargill Merger creates global grain giant amid tough market conditions3 July 2025 3 July 2025 2 minute read 2 minute read By: By: Global Ag Media EuropeGlobal agribusiness Bunge Global said it officially closed a long-delayed deal to merge with Glencore-backed Viterra on Wednesday, two years after announcing the $34 billion mega-deal, reported Reuters. Heckman will remain CEO of the combined company, and Bunge Chief Financial Officer John Neppl will also keep his role, Bunge said on Wednesday. Viterra CEO David Mattiske and Julio Garros, Bunge's co-president of agribusiness, will be co-chief operating officers. 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 also expands Bunge's export capacity and physical grain storage and handling footprint in major global wheat suppliers Canada and Australia.