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Glencore takeover of Bunge ‘could be possible this year’

From Agrimoney:

A takeover by Glencore of US-based ag giant Bunge “could be possible this year”, Credit Suisse said, cutting its scepticism on a deal after the commodities group unveiled some wriggle room in its financial guidance.

Credit Suisse analysts – who last month flagged a “diminished risk” of Glencore succeeding in the takeover, after using up financial firepower on the acquisition of a stake in Hunter Valley coal operations – said that a Bunge could in fact be possible “in the near term”.

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