The Canadian government approved Bunge Ltd.'s purchase of Viterra Ltd, which is a grain-handling business with more more than 80 facilities across the country.

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.

Bunge Global SA, one of the world’s largest crop traders, received approval from Canada for its $8 billion acquisition of Viterra Inc.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC,

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

Conditions for the merger deal approval include Bunge’s commitment to invest at least C$520-million in Canada over five years

The conditions for the deal approval include Bunge's divestiture of six grain elevators in Western Canada and a binding commitment from Bunge to invest at least C$520 million in Canada within the next five years, according to a statement from the transport ministry.

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.

The Canadian government has approved Bunge Ltd.'s US$8.2-billion acquisition of Viterra Ltd. in a decision that includes terms and conditions meant to allay concerns about competition.