Bunge, an agribusiness and food company, agreed to merge with Viterra, an agriculture company, in an $18bn deal. "The merger of Viterra with Bunge is expected to realise significant value for Glencore. Our investment in the agriculture sector dates back over 40 years and has grown from being a small grains trader to being part of a world leading, fully integrated global agriculture network. The combined group would be a premier pure-play agribusiness solutions company, well placed to meet increased global demand as well as the ongoing challenge of providing sustainable, traceable food and feed products to customers around the world. This would be underpinned by a rigorous focus on creating value for all stakeholders," Gary Nagle, Glencore CEO. On October 8, 2023, Bunge shareholders approve Viterra combination.