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Bunge Global SA has finalized its $34 billion merger with Viterra Limited, creating a major new competitor to giants ADM and Cargill.

Bunge and Viterra's anticipated $34 billion merger deal awaits conditional antitrust approval from the EU. Preparing to form one of the world's largest agricultural trading firms, the companies will adjust their proposed remedies to overcome the European Commission's competition concerns.

The Canadian government has initiated a review of the proposed $8 billion merger between US grain merchant Bunge and Glencore-affiliated Viterra, citing concerns over potential impacts on competition in the transportation sector.