US-China Tensions Stall Bunge’s $8.2 Billion Viterra Deal

Trade tensions between the US and China are stalling agricultural commodity trader Bunge Global SA’s $8.2 billion takeover of Glencore Plc-backed Viterra, according to people familiar with the matter.

China has yet to approve the deal, with Bunge executives and advisers growing increasingly concerned the political rift will continue to hold up the process, said the people, who asked not to be named because they’re not authorized to discuss the progress of the merger. Chief Executive Officer Greg Heckman has traveled to China a number of times for talks with authorities, the people said.