Canada on Tuesday approved with conditions U.S. grains merchant Bunge's $34 billion merger with Glencore-backed Viterra, clearing one of the final remaining obstacles for a global agriculture tie-up that is unprecedented in dollar value.

The conditions and terms attached to the federal approval of Bunge Ltd.’s US$8.2-billion acquisition of Viterra Ltd. are “woefully inadequate” to address the profound impact on the market, Grain Growers of Canada’s executive director says.

The federal government has approved Bunge's acquisition of Viterra, with conditions attached. The conditions, Transport Canada says in a news release published on Tuesday, are meant to "ensure that th

Canada's federal government will allow the acquisition of major Canadian grain firm Viterra by one of the world's biggest grain industry players, but not

Canada has approved Bunge’s $8.2 billion deal for Glencore-backed Viterra, as the companies agreed to concessions to address previous antitrust concerns.

Bunge Limited’s BG pending merger with Viterra has been approved by the government of Canada. The approval, however, comes with terms and conditions to protect competition, encourage investment and secure economic benefits for Canada.

Canada's government said late Tuesday it approved Bunge's (NYSE:BG) proposed acquisition of Glencore-backed (OTCPK:GLCNF) (OTCPK:GLNCY) Viterra after the companies agreed to concessions to address antitrust concerns.