Grain trader Bunge revises full-year profit forecast after closing Viterra deal

(Reuters) -U.S. grain trader and processor Bunge on Wednesday revised its full-year adjusted profit forecast to reflect the impact of its $34 billion acquisition of grain handler Viterra in the third quarter. Shares of the company rose 2.8% in premarket trading. In July, Bunge completed its merger with Glencore-backed Viterra, two years after announcing the mega-deal. The merger with the Netherlands-based Viterra creates a global crop trading and processing giant that is poised to rival agribusiness giants Archer-Daniels-Midland and Cargill. The deal came at a time when slumping grain prices, weak crop-processing margins and geopolitical tensions have eroded profitability in the sector. The company now expects an adjusted earnings per share to be between $7.30 to $7.60 in 2025, compared with $7.75 per share forecast earlier. Analysts estimate the company's full-year adjusted profit per share at $7.47, according to data compiled by LSEG. (Reporting by Pooja Menon and Pranav Mathur in Bengaluru; Editing by Maju Samuel and Leroy Leo)

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