After weeks of talks, a deal has been signed between Bunge Limited and Viterra to merge.

However the deal is subject to approval from Bunge stakeholders and other regulatory approval, which is expected to be complete by mid-2024.

Reports say under this agreement, Viterra’s shareholders will receive 65.6 million shares of Bunge, valued at about $6.2-billion US, and about $2-billion in cash, while Bunge will assume $9.8-billion of Viterra debt.

The combined company will be led by Bunge chief executive Greg Heckman and Bunge chief financial officer John Neppl, while Viterra chief executive David Mattiske will become co-chief operating officer.