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Pension

Bunge, Viterra will merge to form $34 billion agri-trading powerhouse

CHICAGO, June 13 (Reuters) - U.S. grains merchant Bunge (BG.N) and Glencore-backed (GLEN.L) Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close regulatory scrutiny.The deal brings the combined company closer in global scale to leading rivals Archer-Daniels-Midland (ADM.N) and Cargill (CARG.UL), valuing Bunge and Viterra at about $17 billion each. Bunge shareholders, however, will own about 70% of the company, because Bunge will pay for a significant chunk of the deal...
Banking

European shares steady as rate jitters weigh, firm pound drags FTSE 100 down

Euro zone saw winter recession, more challenges aheadEvotec tops STOXX 600 after Citigroup upgradeTelecoms dragged by Vodafone sharesSTOXX 600 flat, FTSE 100 down 0.3%June 8 (Reuters) - European shares were subdued on Thursday as rate-sensitive technology shares and consumer staples slipped on expectations of further interest rate hikes by major central banks, while a sharp slide in Vodafone shares weighed on the telecoms sector.The pan-European STOXX 600 index (.STOXX) was flat, with the rate-sensitive technology sector (.SX8P) down 0.3%.Britain's FTSE 100 (.FTSE) led losses among regional peers, with export-heavy consumer...
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